Energy One Corp (EGOC)

[sunspotter]

"Here's yesterday's Short Volume:
20120209|EGOC|71554432|0|132531373|O"


Nah. That's FTDs, which are quite different to short volume.
Here's the official FINRA explanation for that:

" "fail to deliver" occurs when a broker-dealer fails to deliver securities to the party on the other side of the transaction on settlement date. There are many justifiable reasons why broker-dealers do not or cannot deliver securities on settlement date. A broker-dealer may experience a problem that is either unanticipated or is out of its control, such as (1) delays in customers delivering their shares to a broker-dealer, (2) the inability to obtain borrowed shares in time for settlement, (3) issues related to the physical transfer of securities, or (4) the failure of a broker-dealer to receive shares it had purchased to fulfill its delivery obligations. Fails to deliver can result from both long and short sales."

That's particularly true for a penny stock which is the subject of a DTC chill, as is EGOC.

And here's the official FINRA explanation of why some people pretend otherwise:


"There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company's stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of naked short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company's poor financial situation rather than the reasons provided by the insiders or promoters."


http://regsho.com/faq/investorquestions.php

The real short interest on EGOC is insignificant, and always has been:
"Short Selling Data
Short Interest 25,000 (-94.63%)
Jan 31, 2012
Significant Failures to Deliver No"


http://www.otcmarkets.com/stock/EGOC/company-info