Over the past twenty days of trading, XBiotech Inc. (NASDAQ: XBIT), from November 27, 2019 to December 26, 2019 there is a potential Short Squeeze about to happen because of an increase in short volume over the past twenty days with very little cover volume.
Because of this the Squeeze Report trend indicator issued a XBIT Short Squeeze.
XBiotech Inc. (NASDAQ: XBIT) Short Squeeze Analysis
During the last five days of trading, from December 19, 2019 to December 26, 2019 XBIT had a staggering 144,674 shares shorted while trading a total of 2,120,607 shares as show the on XBIT short page.
The last ten days of trading, from December 12, 2019 to December 26, 2019 XBIT had a staggering 251,056 shares shorted while trading a total of 3,511,958 shares as show the on XBIT short page.
Over the last twenty days of trading, from November 27, 2019 to December 26, 2019 XBIT had a staggering 1,333,589 shares shorted while trading a total of 11,784,587 shares as show the on XBIT short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 2 short days, 7 days with no change but 1 cover days. The last twenty trading days there were 8 short day, 10 days with no change but 2 cover days.
XBiotech Inc. (NASDAQ: XBIT) Short Squeeze Result
The short indicator utilizes several factors before determining a result and because of these indications we have placed a short trend indicator of XBIT Short Squeeze.
XBiotech Inc. (NASDAQ: XBIT) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||1,333,589|
|Total Actual Volume||11,784,587|
|Total Volume Discrepancy||8,958,568|
|No Change Days||10|
|Average Volume Discrepancy||447,928|
|Average Short Volume||66,679|
|Average Short Percentage||53%|
The Short Trend Indicator
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