There is a difference between short interest and short volume.
Short volume has nothing to do with shorts covering or opening a short position. Short volume is the amount of daily volume which has not cleared/settled at days end. Short volume is used by day traders to see when to expect a broker/dealers cover, before going naked short. Over 30% is strong fails to clear and a daily price pop may happen 3 days after.
Short interest is shareholders betting against positive price action in the underlying stock. Over 10% is strong negative sentiment. Short interest is used to determine percentage of float which is held negative to help swing traders know whether to expect a climb stall fight by shorts.
HOWEVER, most importantly is the fact that conversions affect these numbers greatly in the OTC, especially in relation to short volume. When you see lots of new shares hitting the market during the day and then you see a huge block under the bid or at EOD (usually after a minute, thirty seconds after the bell), that volume affects your "shorting" charts, but it wasn't shorters. Those are aggregate prints. What happens is that a broker is usually told to sell a certain amount of shares, sometimes a certain percentage of volume up to a certain amount or by a certain day. Then that broker proceeds to sell until the days end or they run out. Those blocks that you see are the days total at the average price sold. Since the shares aren't cleared until that block print, they were considered short when initial sold. It's also not uncommon for a broker to allow a third party to sell shares early that they received from a finance deal. These are also shorts, per se, but not in the typical sense and those big blocks will then be actual covers. Also, you have to take into account that any share that doesn't transfer/clear immediately will show up on your precious short charts, even in a regular retail to retail transaction. If the brokers don't clear it soon enough, it'll show as a short.
So, what does all this mean? Jack crap, that's what. Forget it, it's not going to help and the accounting is not anywhere near accurate. Just learn how to trade it. And as for what's going on here or in any other issue - WHO CARES! Just trade the stupid thing. Why on earth are you "investing" in any issue, OTC or not. Stocks are for trading, if you want to invest, go buy some property or give a young start up kid a loan. The fact is that you seem to want to make trouble for no reason because you didn't sell when your "investment" went red at a cut off percentage. If you would have planned and cut your loses I wouldn't be typing this message.
Now, stop with the shorting nonsense and be productive making money instead of trouble.
Be very aware...
AI
