Seven Arts Entertainment Inc (SAPX)

[wEaReLeGiOn]

Any trade executed by a "long seller" will appear as a "short sale" if that trade is routed through market maker. The market maker will sell the stock into the market prior to taking it from your account. The market maker doesn't hold the shares, therefore they are by definition selling short the shares. Their "locate" was the routed trade.
It takes longer than three days to convert paper to electronic shares and transfer for settlement, ergo the FTDs (fail to delivers)

Here is the current short position for SAPX

http://www.nasdaq.com/symbol/sapx/short-interest

Settlement Date Short Interest Avg Daily Share Volume Days To Cover
7/13/2012 106,596 2,035,012 1.000000
6/29/2012 72,863 2,846,574 1.000000
6/15/2012 243,740 4,339,346 1.000000
5/31/2012 275,612 3,233,877 1.000000
5/15/2012 371,839 4,249,955 1.000000
4/30/2012 221,113 3,318,886 1.000000
4/13/2012 32,422 1,492,787 1.000000
3/30/2012 6,859 2,610,817 1.000000
3/15/2012 9,741 1,556,635 1.000000
2/29/2012 44,814 1,695,722 1.000000
2/15/2012 146,533 2,223,713 1.000000
1/31/2012 150,749 4,438,328 1.000000
1/13/2012 191,550 792,000 1.000000
12/30/2011 665,427 636,661 1.045183
12/15/2011 87,213 1,235,965 1.000000
11/30/2011 93,057 3,076,655 1.000000
11/15/2011 90,524 837,880 1.000000
10/31/2011 60,858 960,483 1.000000
10/14/2011 23,172 949,867 1.000000
9/30/2011 10,635 582,008 1.000000
9/15/2011 8,490 289,748 1.000000
8/31/2011 5,102 1,067,461 1.000000
8/15/2011 23,210 716,783 1.000000

The proof of the Fails to Deliver are in the Chart.

Definitely being shorted