TenKay, re: [[ Then explain exactly how they are kept “hidden”? ]]
if shares are borrowed for short sale from within a brokerage then the brokerage is legally required to post the transaction for short interest stats.
the key assumption you're making is that brokerages don't cheat both the market and their customers.
look up the lawsuits schwab faced decades ago as an example of seemingly stupid crimes which never get punished because sec agents have no incentive to punish people who will give them golden tickets on early retirement.
99.99% of all pinks are scams. Best to assume the other 0.01% are as well.