Actually, that's NOT short volume. So yes, it does lie.
Retail investors will always believe that the shares you see on that site are actual borrowed and shorted shares. That's completely untrue.
Although it's not technically impossible to short penny stocks it is extremely difficult to do so. Interactive brokers is one of the brokers that allows shorting penny stocks among a few other brokers for only a select few people that are brave and funded enough to do so.
You need a ton of money for every share you are short. It is a minimum of $2.50/share short needed in your account to do so. No broker on this planet is stupid enough to lend you shares in a sub-penny stock without some kind of insurance or "back-up" plan in case you screw up and the stock rockets 500% overnight.
According to your link, the retailers "shorting" the stock would've needed $78,101,567.50 exactly in their accounts in order to "short" the 31,240,627 shares that are claimed to have been shorted today.
Likewise, on June 13th those that supposedly shorted this stock needed to have a quarter of a BILLION dollars in their accounts to be allowed to short what they shorted (close to 100 million shares) on that day.
Do you really think anyone on ihub that's in one stock (even collectively) has 1/4 of a billion dollars in their account? Yeah, I didn't think so either.
Also, there has to be shares available to short. Do you realize that even in mid-cap stocks sometimes there are NO shares available to short? I'm talking on mid-caps with more stable prices that aren't as risky as sub-pennies to short. What makes you think there were 36MM+ shares available to short today?
I decided to look into this "short data" bs that people have been posting over the past couple years or so. I looked back at the time and sales and it turns out that those "short sales" were actually just regular sells on the bid or a downtick. That's how they calculate it. Do you realize how insanely impossible it is to keep track of actual shorted and borrowed shares in real-time? Much less on a sub-penny stock that the largest part of the market could care less about?
It's one thing to sell into the market and another to borrow shares that don't belong to you to sell into the market.
The ONLY part of your post that had any believable merit to a seasoned trader/investor was the dilution part. However, that's just a quick call to the TA and ask if the float has changed.
So, in response to your post: Yes, it does lie and you ate it all up.
I think you're just trying to get in cheaper and are having a hard time consolidating your strategy to a price you'd prefer to buy into and your belief on where momentum will take this stock.
I see a lot of newbie questions on these IHUB boards and it reminds me of a time when I started, too. Hopefully people see my posts and learn from them.
Oh, and T-trades mean nothing. It's a consolidation of older intra-day trades that were settled afterhours on the MM's books. Why would anyone sell millions of shares on a block trade way below closing price with huge buying pressure into the closing bell? It's not a current trade and does not reflect where the stock is going next day.
