Elray Resources Inc (ELRA)

[Taylor Orion]

That typically happens when the larger clearing houses don't hold onto that many shares of otc stock. NITE especially. ETRD is known for being a good platform for pennies, so they would be more likely to hold more and short less. If NITE doesn't have anything, then they usually pass to CDEL, and instead of turning the order down they will naked short no matter what. It's the game of a market maker - just can't say no, so they aren't the uncool kids in school. Haha.