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Re: wise_investor post# 30236

Wednesday, 02/15/2017 10:09:45 PM

Wednesday, February 15, 2017 10:09:45 PM

Post# of 31518
The "data" on OTCSHORTREPORT is the short VOLUME data that FINRA publishes daily. It is not short INTEREST.

The short VOLUME data is meaningless in the OTC. I could go into a detailed explanation as to why, but no one can determine or even estimate the amount of open short positions created....which for OTC issues is usually ZERO 99.9...% of the time. And it doesn't matter if the short VOLUME % is 1% or 100%.

It is nothing more than a mark of ownership on the first leg of a transaction...almost all of which are long transactions.

That "data" is the most misunderstood and misrepresented information in the penny world.