You hear this all the time on the boards
Yes, the number is accurate. But it's not telling you what you understand it as.
The bi monthly reports tell you how many shares short are outstanding.
The daily numbers tell you how many shares sold THAT DAY were not backed by long positions at the MOMENT of sale. They could have been covered seconds later. Minutes later. Hours later.
There could be a million shares shorted that day, but at the end of the day the net short position be zero. The report will reflect the million shares shorted
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,