The mid-month short interest report is based on short positions held by Broker/Dealers on the settlement date of the 15th of each month.
Even though shares sold short have more than tripled since the last reporting date (end of April), as a percentage of shares outstanding, it is still ridiculously small, 0.03%
In dollar terms, the amount is just as miniscule, about $10,000 based on a pps of 0.05.
Short Interest Ratio: The ratio of shares investors have sold short divided by the average daily volume of the stock, over 30 days. The short-interest ratio is based on the stock's average trading volume over that period. This ratio tells you how many days it would take short sellers to cover their positions.
In this case it would take 0.086 trading days with average volume or 33 minutes.
As you can see, the reported short volume is just a small perturbation around nought.
If the short interest was to run above 10% or so of outstanding (70-80 million) then you may want to start worry. However BLLN is an OTC so that won’t happen, no matter what the NSS kool-aid drinkers may imply.
I'm holding up a catcher's mitt at 0.030 that will catch anything if it ever gets that low before QTrax becomes functional
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
