Magnum d'Or Resources, Inc. (fka MDOR)

[MorningLightMountain]

even if it was inaccurate by 1000%, short interest would still be relatively low, about 80K shares.......

lacking any other data, we have to assume that if firms are being compliant, then Rule 3360 at least gives a good feel for the % of outstanding shares short, even if absolute numbers aren't "accurate"......

I agree that it only a "snapshot" of short interest, but again, assuming people are following the rules, if they have large short positions between the reporting dates, they would have to keep covering to "paint the tape" of short interest reported.....so, you would eventually see a trend of buying as the numbers become due (if you get what I am saying here):

"""Effective September 7, 2007, Rule 3360 was changed to require firms to increase the frequency of short interest reporting from monthly to semi-monthly cycles. Please refer to the Short Interest Reporting Deadlines for the current reporting schedule

The mid-month short interest report is based on short positions held by members on the settlement date of the 15th of each month. If the 15th falls on a weekend or another non-settlement date, the designated settlement date will be the previous business day on which transactions settled. The end-of-month short interest report is based on short positions held on the last business day of the month on which transactions settle. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date."""

http://www.otcbb.com/asp/OTCE_Short_Interest.asp