ZS - Zscaler Inc. (NASDAQ:ZS) Short Squeeze 2024-05-31 | Squeeze Report News
Over the past twenty days of trading, Zscaler Inc. (NASDAQ: ZS), from May 02, 2024 to May 30, 2024 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 ZS Short Squeeze.
Zscaler Inc. (NASDAQ: ZS) Short Squeeze Analysis
During the last five days of trading, from May 23, 2024 to May 30, 2024 ZS had a staggering 2,330,700 shares shorted while trading a total of 13,743,979 shares as show the on ZS short page.
The last ten days of trading, from May 16, 2024 to May 30, 2024 ZS had a staggering 3,744,801 shares shorted while trading a total of 21,607,685 shares as show the on ZS short page.
Over the last twenty days of trading, from May 02, 2024 to May 30, 2024 ZS had a staggering 7,071,627 shares shorted while trading a total of 38,733,732 shares as show the on ZS short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 8 short days, 2 days with no change but 0 cover days. The last twenty trading days there were 18 short day, 2 days with no change but 0 cover days.
Zscaler Inc. (NASDAQ: ZS) 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 ZS Short Squeeze.
Zscaler Inc. (NASDAQ: ZS) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume |
| 7,071,627 |
| Total Actual Volume |
| 38,733,732 |
| Total Volume Discrepancy |
| 27,049,120 |
Short Trends
| Cover Days |
| 0 |
| Short Days |
| 18 |
| No Change Days |
| 2 |
Averages
| Average Volume Discrepancy |
| 1,352,456 |
| Average Short Volume |
| 353,581 |
| Average Short Percentage |
| 60% |
The Short Trend Indicator
Squeeze Reports short trend indicator utilizes several different trading factors including, short data, trade data, short analysis and short probability. So become a member of Squeeze Report if you want to to gain access or know more about the short trend indicator and other short trading tools.
Zscaler Inc. (NASDAQ: ZS) Chart
Disclaimer
This article is for the purposes of solicitation subscriptions for Squeeze Report. The company Squeeze Report expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. Squeeze Report or it’s authors do not own any shares of Zscaler Inc. (NASDAQ: ZS) and does not buy, sell, or trade any shares of ZS. This article does not provide a professional analysis of a (ZS) financial position. (ZS) financial position and all other information regarding the featured Company should be verified directly with (ZS). Squeeze Report has received none USD from N/A for Brand Awareness Distribution, Corporate Communications, News, Press Release Enhancement and Social Media Solutions starting N/A ending N/A. Please read our full disclaimer for more detailed information.
The post Zscaler Inc. (NASDAQ:ZS) Short Squeeze 2024-05-31 appeared first on Squeeze Report News.