Of course it's nott correct. Nott even remotely relevant. The daily short VOLUME occurs on all traded stocks and it's an artifact of how MMs execute orders. Most (99 percent) of those 'short' trades are covered in seconds to at most a cuppla minutes.
The daily short VOLUME has absolutely nothing whatsoever to do with the short INTEREST or execution of orders to sell short - the daily volume is only relevant to the mechanics of MM's filling orders - nott short sell orders - just orders. There is no hard-and-fast rule, butt it can reflect how many MMs are active in the issue and/or liquidity (lower liquidity can mean more short VOLUME during the trading day).
It's nott at all meaningful as some seem to believe.
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