Expo Holdings Inc. (EXPH)

[Stock_Barber]

FINRA Daily Short Numbers - Defined by FINRA

I just spoke with FINRA to *officially* confirm what some of us had posted before regarding the Daily Short Sale Volume File that is thrown about here as evidence of shorting and/or naked shorting.

In a nutshell, the daily short numbers represent only one leg of a transaction. As I've stated before, MM's want to be flat or net neutral (i.e. not long or short). If you place an order for 1M shares, they generally don't have 1M shares in their account. So they will then sell you 1M shares to fill your order (which shows as 1M short), and then buy 1M to offset it. However, the 1M short report is not negated. So, in theory, seeing 50% of the daily trading volume reported as short in a pinkie should be no surprise and is of no consequence... just MMs doing their job and providing liquidity.

Additionally, if the Monthly Short Sale Transaction File does not show an increase in the short position... there isn't one... period!

We also discussed the FTD numbers. With no reported FTDs, and no increase in FINRA's published Monthly Short Sale Transaction File ... THERE IS MINIMAL (IF ANY) SHORTING GOING ON... PERIOD!

The EXPH short selling myth (including NSS) is officially BUSTED...

I invite anyone to call FINRA and confirm what I have presenting here.