Logiq Inc (LGIQ)

[exwannabe]

The number is reported through FINRA.

Here is the official OTC Market number. The same 10,846.

That short interest is not reported by the party that sells the short, it is reported by the brokers that have customer shares.

Let us say E*Trade has customers with a total of 105,000 shares of XYZ. And according to DTC only is legal owner of 100,000 shares. E*Trade reports this and one can see the 5,000 shares short.

It does not matter at all how those shares came to be short. Perfectly legally borrowed and delivered, lent out by E*Trade, legally failed to delivered and needing to be closed or completely illegal.

In order for this huge unreported short interest to exist, brokers like E*Trade must not be properly reporting their positions. Why would they do so to protect some other party selling short?

I am not saying that illegal shorting does not happen. And I am not saying that brokers do not violate the regulations wrt always insuring a borrow exists prior to selling a short. But failing to report would be taking this to a much higher level.