Alkame Holdings Inc (ALKM)

[PRmaniac]

That isn't actual shorting. It is actually the result of a long trade.

here is a short explanation from elsewhere.

In the OTC there is no correlation between daily short VOLUME and the creation of short INTEREST.

None whatsoever.

The reason for this is that there are a number of transaction execution strategies used in the OTC (but much less frequently for Exchange traded stocks) for LONG trades that result in the reporting of short VOLUME but that do not create ANY short interest.

Riskless Principle Transactions are one type.

And this lack of correlation is further demonstrated by the fact that as a penny stock gets closer and closer to 0.0001 and no bid, the percentage of short volume increases...and will hit 100% almost always when it hits no bid...and nobody is shorting (creating short interest in) a stock like that.

The reason for this is that MM's do not want to hold a trip zero no bid stock for even a nanosecond...so they sell short on the first leg of the transaction (which is what gets reported to the consolidated tape) and cover immediately on the second.

Short VOLUME is meaningless in the OTC and is the most misunderstood and misrepresented "data" there is in pennyland.