DD Support Board and Research Team

[janice shell]

It isn't "incorrect"; it's just the daily short volume report, which is irrelevant. For the most part, it simply records MM activity. FINRA began publishing the short volume list a little more than three years ago. At that time, a number of people here--including me--called them for an explanation. This is a post from that time that details what FINRA told us:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49600596

Bottom line: use the bi-monthly short INTEREST report, which you can find at otcbb.com or OTCMarkets. That is WHY OTCMarkets uses the short interest report rather than the short volume reports: because the short interest report is what people should pay attention to.

Instead, the Get Shorty carnival has seized upon the daily short volume reports as showing horrific short positions in just about every penny stock that trades. That misinformation is used to promote possible short squeezes that naturally never happen.

Worse yet, these people usually add the numbers up, which is absurd. ALL short reports are valid ONLY for the day in question. They're running balances. Like your checkbook.

Anyone who doubts all this should call FINRA.