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Re: A deleted message

Monday, 03/17/2014 10:01:03 AM

Monday, March 17, 2014 10:01:03 AM

Post# of 27552
Fails to Deliver and Short Interest
are two entirely different things.

Short Interest is an actual Short position taken in a security, someone borrowed shares and is hoping the market for those shares declines in price to allow them to buy actual shares at a lower price to cash in for their gain.

Fails to Deliver is when shares are not delivered on T+3, that is Trade date plus 3 days. These occur for a multitude of reason on both long and short position transactions. Many times the member will experience a problem that is either unanticipated or is out of its control, such as (1) delays in customer delivery of shares to the broker-dealer; (2) an inability to borrow shares in time for settlement; (3) delays in obtaining transfer of title; (4) an inability to obtain transfer of title; and (5) deliberate failure to produce stock at settlement which may result in a broker-dealer not receiving shares it had purchased to fulfill its deliver obligations.

Now for actual short interest and not FTD's, use this link that is the only link that FINRA recommends to determine SHORT INTEREST: http://www.otcbb.com/asp/otce_short_interest.asp

For those who understand
No explanation is needed.
For those who do not understand
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