Replies to post #324046 on NanoTech Entertainment Inc (NTEK)

[shajandr]

Help to understand the misleading daily short numbers:

rbtree Monday, 09/14/15 02:34:57 PM
Re: Neophius post# 35098
Post # of 35110

Nope. Those daily numbers are meaningless. Only the first leg of a trade is reported, and that figure represents the ones where a MM went short to handle the trade. In almost all cases, a long entry was made right away to close the trade.

Also, since MM's only match buy and sell orders on the greys, shorting is not possible. And yet those daily reports still show shorts. Further proof the reports are meaningless.

The bi-weekly report at OTC Market is the only accurate one...And it showed about 30,000 in short interest, and no fails to deliver.

Shorting of any kind is never a factor with any low priced stock.

So keep posting those meaningless numbers.

Sometimes, the broker selling a block will use short sales if their house account doesn't have the security at the time, then at day end, they fill the short position with a transfer from the block seller's shares to flatten the position and be able to deliver the shares.