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Saturday, January 14, 2023 10:40:31 PM
https://www.finra.org/rules-guidance/notices/information-notice-051019
Summary
This Notice provides information to assist market participants in understanding the short sale volume data published on FINRA’s website. FINRA is aware that some market participants, including investors, may occasionally perceive the percentage of short sale volume to be unusually high or inconsistent with reported short interest data. This perception may cause market participants to draw inaccurate conclusions about the level or nature of short selling activity in the relevant security. FINRA is issuing this Notice to further explain the published short sale volume data and provide several key points for market participants to consider when evaluating the data.
…
FINRA believes that the following three key points about the short sale volume data may help market participants better understand and draw informed conclusions about the data. As discussed below, the data: (1) does not include any trades that are not publicly disseminated, (2) is not consolidated with exchange data, and (3) does not—and is not intended to—equate to short interest position information.
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The current short interest reported to FINRA is all of 3,938 shares as of the end of December.
https://otce.finra.org/otce/equityShortInterest
And please - let’s avoid the naked short argument!
There is no short squeeze on a stock like this. There are BILLIONS of shares outstanding. What you will see is a self fulfilling prophesy caused by the momo players buying the stock pushing the price up - not a short squeeze.
This is a notorious claim of short squeezes made by self serving promoters. And most are dumping shares into that claim. So when the stock collapses they can blame Shorty and not themselves.
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