Labor Smart Inc (LTNC)

[I-Glow]

You have to be kidding - you are using the penny stock pumping rag the OTCshortreport as your source to prove shorting.

You do understand that they use short volume so I will explain why that is worthless - you need to look for short interest.

https://www.otcshortreport.com/company/LTNC

Did you even read the chart from your link?

"LTNC - Short Volume Report  (REGSHO)
All RegSho Dated reported by: FINRA

And for those using junk like the OTCShortReport - they need to understand that FINRA Daily Reg SHO data, it is meaningless on it's own. The Trade cycle is Trade Date plus 2 days for settlement, Daily Reg SHO only shows the Initial leg of each transaction and doesn't reconcile based upon settlements made seconds later as the trade has yet another 2 days to settle.

MMs do not "short" penny stocks. As part of making a market, they may have periodic short positions throughout a trading day if they fill buy orders for more shares than they have in inventory, but they also often have inventory when they fill sell orders. Having an inventory does not mean that they are going "long" any more than having a temporary net short position is "shorting." This kind of temporary short position is legal and necessary for efficient trading.

The FINRA daily short data does not show true short positions and that the Bi-Weekly report is the only reliable one. It also explains that when new shares are entering the market, they are reported as short until the stock is delivered.

The short data for all OTC stocks including those quoted on OTC Markets (fka Pink Sheets) is sent to FINRA twice a month by broker/dealers. FINRA compiles it and publishes a semi monthly report. These bi-weekly reports show the aggregate short position by all market makers as of that settlement date.


IG