KAT Exploration Inc (KATX)

[Jim Bishop]

Meaningless and useless info, those are just short sales, nothing to do with short interest or fails to deliver.

Call FINRA, they'll say the same thing about those daily reports.

Here's a simplified explanation.

Posted by: overachiever Member Level Date: Friday, February 19, 2010 2:00:24 PM
In reply to: southernnoise who wrote msg# 296116 Post # of 296144


Unless you know what you are looking at, you shouldn't draw any false conclusions. Those are daily tracking numbers

Until a security is delivered, it is considered to be technically short.

If I sell some SPNG today, it will show up as a short sale on FINRA records until my MM meets the buying MM "at the window". This can take up to 10 days. All you are really looking at is the sell side volume minus any flips or buy side through the same dealer. For example. If I buy 10 shares and you sell 20 shares and we are both using NITE and this is the only volume they handled all day long, the system would show NITE is short 10 shares until they deliver your stock to the buyer. Understand?

Stock is never delivered the same day you sell it. That would not be possible.