NanoLogix Inc (NNLX)

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For whatever reason in spite of defying logic the daily short report continues to be misinterpreted, if you feel mislead and confused perhaps these links will shed some light.

http://seekingalpha.com/instablog/227454-john-petersen/3100575-a-deeper-dive-into-my-finra-short-report-analysis

“the Securities Act provides that any person who buys securities from an issuer with a view to redistributing those securities is an "underwriter." While normal investors can buy and sell in the open market with impunity, underwriters can only resell shares into the public market under an effective registration statement”

“While most investors will never need to understand the intricacies of securities registration and resale transactions, all investors should know that exempt open market transactions do not give rise to any special back-office procedures but resale transactions by underwriters do. That extra paperwork makes it very hard for an underwriter to comply with T+3 delivery requirements and usually means the transaction will be flagged as a "short-sale" for FINRA reporting purposes.”



http://www.mightymarkets.com/short-volume-lookup/

"What it is and is not
It is highly contested whether or not the daily RegSHO reports that a security has been "shorted", as having a short position, or if it is just a type of reporting requirement for market making activities. It is both. Transactions that have shares marked as "short" can very well be an investor selling a short position or a market maker allocating shares in order to provide liquidity but not in their possession. The Division of Market Regulations of the SEC has an exhaustive, yet technical, overview of what RegSHO provides."