Replies to post #112232 on Innovation Pharmaceuticals Inc (IPIX)

[TheHound]

No thanks. I know better.

[TOB]

Meaningless numbers and no way was 60% of today's volume short sales, lol.

FINRA short sales of CTIX
20150720|CTIX|519776|0|872941|O
60% of today's volume was short sales!
Go CTIX!!! -AlanC

I point you to this post which I quote below:

Congratulations. You have just entered the Twilight Zone.

Short volume reporting is of no value to investors. In spite of its irrelevance it is regularly used by message board posters to excuse poor price performance by whatever company needs it.

Real short selling, as in the borrowing of shares and selling them with the intent of purchasing cheaper shares at some future date to replace those borrowed, does not weigh on the price of CTIX in any material way. Look at the twice a month Finra Equity Short Interest report for CTIX and compare it to other developing stage stage biopharmaceutical companies and you should reach the same conclusion.
http://otce.finra.org/ESI
The archived short interest data as reported at the following link show that there has been little change in the CTIX data since the beginning of the year in spite of the share price fluctuations.
http://www.otcmarkets.com/stock/CTIX/short-sales

You would be wise to avoid facilitating the use of Short Sale Volume Reporting here. Don't be fooled. -loanranger

[Rdunn88]

AlanC, Bogus stat... These statistics are also unverified... Below is a great explanation. Also, check out Facebook's so-called short stats that are not legit... You will notice the same type graph...

http://shortvolume.com/ Enter FB for Facebook

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57101068

An explanation of Finra's daily short volume.

(Courtesy of a post made by pantherj)

The daily short interest report from FINRA is as widely misinterpreted as any report ever put out. Yet, once a few basics are understood, it becomes very logical. The huge short volume seen in the daily reports are almost instantaneously covered; within a few milliseconds or a few hours at worst. The best explanation of this report, that I've ever seen, was posted by "Dave Patch" of "Investigatethesec.com."

Posted by: patchman Date: Wednesday, March 03, 2010 6:31:31 PM
In reply to: fourkids_9pets who wrote msg# 648 Post # of 951

Short Sale Volume Reporting’s are deceiving.
I spoke to FINRA today and found out some very interesting things that until now I did not fully understand. I knew there was something wrong with this transparency of information but was not 100% sure what it was. I think I have my answer and it was enlightening.

I was first directed to the Notice to Members memo dated 9/29/2009

www.finra.org/Industry/Regulation/Notices/2009/P120045

The individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be.

Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.

So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker. The key language in the FINRA notice is this:


Quote:
--------------------------------------------------------------------------------
The Daily Short Sale Volume File will provide daily access to the aggregate volume of short sales in NMS Stocks and OTC Equity Securities reported to a consolidated tape and traded over-the-counter during regular trading hours on each trading day.