Bioelectronics Corp (BIEL)

[NoPinkScams]

No, I'm saying it's completely useless for counting shorts on OTC stocks. All OTC transactions are done through market makers so in effect every buy and sell has two transactions. A purchase by the MM from the supplier and a sale to the buyer. Only one side of the transaction gets reported to the tape in an effort to prevent doubling up the volume and giving a sense of false liquidity. Most of the time the MM executes the sell side first and thats what gets reported. In reality the MM was only short for a fraction of a second until they completed the other side of the deal.

The only accurate indicator of short volume is the semi-monthly short report and as you can see the short volume in BIEL is a non factor.

http://www.otcmarkets.com/stock/BIEL/short-sales