Thursday, May 28, 2015 3:17:49 PM
What those numbers are is NOT short interest. It is short sales. A completely different, and unrelated, number. Market makers in penny stocks keep little to no inventory. Thus when a buyer comes along, they are required to sell them stock, but since they don't have any long, they are required to mark the trade "short" even though 99+% of the time they cover the sale within seconds. Ironically, those with high numbers of toxic death spiral convertibles almost always have the highest daily short figures, because of what I stated in my original post.
Those daily short numbers are absolutely meaningless. The ONLY number that counts is short interest, and FINRA is the only source for that factual information. And NBRI has zero shares short.
http://otce.finra.org/ESI
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