8000 Incorporated (EIGH)

[Ex Blockman]

Yes, that is correct. If the FINRA report showed 500,000 shorted and 1,000,000 volume for the day, theoretically that could have covered every short for that day. Additionally though, they are allowed three days to cover any shares shorted today. So some of the net shorts on any given day may be covered during the next two trading days.

This is why it is much more important to count up the teams shares and compare that to the OS and float numbers.