ML Capital Group Inc. (MLCG)

[TenKay]

But that is NOT "shorting" in the way an open short position is created. It is PURELY a function of the way the first leg of a given LONG transaction is executed. Every transaction has two legs, the buy side and the sell side. If the sell side (from the perspective of the MM) is executed first (which is called a riskless principle transaction) the entire transaction gets marked short even though the buy side or cover occurs seconds later to complete the LONG transaction. The reason for that is that ONLY the first leg of the transaction is reported to the consolidated tape (otherwise the trade volume would be double counted) So whether the short VOLUME is 1% or 99% of the total day's volume it is MEANINGLESS to the question of actual short INTEREST or open short positions.

The short VOLUME data that shows up on those bogus "short report" websites is completely useless..and it is the most misunderstood and misrepresented information in the penny world.