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Friday, April 19, 2024 10:20:56 PM
You could easily find this info. In my own words, here is why short volume is meaningless:
Every trade has two sides..or legs. But only the first leg is recorded. When a broker relays a buy request, if the MM that accepts it has no inventory, he will go short. Within seconds, a closing long trade is made, but that leg is NOT recorded. The trade will be marked short. But it is closed.
What other explanation could there be, for say, most any OTC stock that is a on a long slow up or downtrend, or b, that barely moves from day to day.... to constantly show short volume of about 30-70 percent? There is no other logical explanation. No MM or hedge fund has any interest in holding a position, long or short, in OTC junk, especially ones trading at or below the very freakin' bottom.
The bi-weekly short interest numbers are the only ones that matter. And they are always tiny, with no fails-to-deliver
Further, I don't remember any names...but I'm quite sure there's no more than a hedge fund or two that has any interest in buying any non-reporting OTC junk. Most forbid it, I'm sure.
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