Wave Systems Corp. (fka WAVXQ)

[brant_point]

kiwi's numbers show shares sold short.

His numbers don't show shares "bought to cover" on any particular day.

This is a day trading stock. Folks who go short in the morning may cover in the afternoon and vice versa.

Also, when Market Makers have no shares to sell to bidders, they sell shares they don't have i.e. they selll short. Sometime during the day that MM may buy to cover and that wouldn't show up in kiwi's report.

Also, with the HFT one or two MM's simply trade between themselves in small lots with the goal being positive outcome at the end of the day. The MM have no trading costs. They aren't paying per trade or so many pennies per share. So they just come to work, turn on their computers with the algorithms in place and just let the machines trade. No money changes hands. There is no cost for trading. It is all a mechanical exercise between a bunch of machines.