Spongetech Delivery Systems, Inc. (fka SPNGQ)

[repair7]

ella,

this is not "short" as you want to think

this is uncleared sales, takes a few days for a trade conformation. this short figures you post are just that, sales that have not cleared 'at the window"

takes 2 or 3 days for a sale of security to clear, do you understand?

if i purchased 100 SPNG (never) today and you sell 200 SPNG, it will show as short 100 in FINRA record , my MM meets the buying MM then is cleared to zero, of course this can take 2 or 3 days so there is always a mishmosh of numbers on FINRA.

what this is, the sell side volume minus any flips or buy side through the same dealer.


of course, i am scared of this SPNG and only come around here to watch the longs sweat and hand wringing....i am waiting for the suspension of SPNG from management crookery

bottom line, this figures are not "naked shorting" or "shorting" as you want to think, is a bookkeeping thing

this is better for short info picture
http://www.shortsqueeze.com/?symbol=spng&submit=Short+Quote%99