Sarissa Resources Inc (SRSR)

[easymillion]

Is your wife... short ?
Very funny, actually she's a beautiful TALL blonde ... however, the percentage of Daily Shorts for SRSR as reported by FINRA (actually FTDs-failure to delivers) seems unusually high, especially on such low volume days as we have been seeing ... but I can assure you it's not my wife that's short!

Something going on when MMs don't have shares in their inventory to cover sales, and yet don't even bother to locate shares. Not normal market making, or maybe it is. The percentage of FTDs seem unusually high, and yet, these all seem to melt away in monthly OTC short reports, which is why I suspect wash trades may be in use for sleight of hand manipulation to cover short positions amongst MMs on many penny stocks. This avoids the 13 day rule where an MM who fails to deliver within 13 days is barred from trading in that security. If MMs just swap shares every so often in wash trades they can short a stock indefinitely and it will not show up on the Monthly Short Sale Transaction Files, also provided by FINRA to the OTC. This seems prevalent even when the percentage of Daily Shorts (FTDs) is unusually high in a particular penny stock, such as SRSR. I believe MMs have been doing this for years and getting away with it, unless a company can "deliver the goods", which then may initiate a short squeeze, IMO. More properly a naked short squeeze (NSS) would result if they are forced to cover after shorting a stock far beyond the authorized number of outstanding shares.

ADF Regulation SHO
Pursuant to a Securities and Exchange Commission request, FINRA has agreed to make reported short sale trade data publicly available. FINRA will make two types of files available: (1) Daily Short Sale Volume Files and (2) Monthly Short Sale Transaction Files.

The Daily Short Sale Volume Files provide aggregated volume by security on all short sale trades executed and reported to a FINRA reporting facility during normal market hours. The Monthly Short Sale Transaction Files provide detailed trade activity of all short sale trades reported to a consolidated tape.

Time will tell if a NSS has been built up here over the years by MMs, IMO.
Easy