"Squeeze" occurs when PPS goes up, and borrowed & sold shares (Short INTEREST) need to be returned. So shorts need to buy back shares to return them, and run a risk of paying more, and losing $$.
But with only 3,269 shares short, that's not going to generate much buying pressure. http://otce.finra.org/ESI..
Short "volume" is unrelated, and has the unfortunate coincidence of having the word "short" in the description, so is easily misunderstood, or intentionally misrepresented in some cases.
Like saying state sales tax and corporate income tax are the same because they both have the word "tax".
Correct, it in no way reflects ANY potential for a squeeze. Almost all OTC issues have some amount of short VOLUME recorded every single day. Many 0.0001 tickers have it at a 100% most of the time. Nobody is shorting a 0.0001 ticker....
As for what they are calling it...they are using the term "shorting" or "short sales"...which might be technically accurate...and because they both have the term "short" in it they hope people will believe it means short INTEREST.
But the daily numbers from FINRA which is regurgitated in the OTCSHORTREPORT website and other similar penny promoter websites is ONLY the short VOLUME. There is no data available on a daily basis showing short INTEREST.
There are only two reasons the company would be repeating this crap...either they are colossally stupid or intentionally misleading the market.
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