BigBadWolf Member Level Saturday, 02/10/18 10:53:28 AM Re: gulf shores man post# 156795 Post # of 156833 Current Short Previous Short Chg % Change from Prev Avg Daily Vol Days to Cover 01/31/2018 On4 Communications, Inc. ONCI 19,472 220,340 -200,868 -91.16 69,183,011 1 FINRA http://otce.finra.org/ESI
clearly shows 1 day to cover & it is T2 aka 2day settlement the daily short volume is meaningless on it's own.The Trade cycle is Trade Date plus 2 days for settlement. Daily only shows the First leg of a transaction and doesn't reconcile based upon settlements made seconds later as the trade has yet another 2 days to settle.
btw any other short report data is the daily short volume and it is meaningless on it's own.The Trade cycle is Trade Date plus 2 days for settlement. Daily only shows the First leg of a transaction and doesn't reconcile based upon settlements made seconds later as the trade has yet another 2 days to settle.
hence BS sites like OTCshortreports that are only for the uninformed investing public looking for hope; that is why only FINRA is the Official Short Data to be trusted. FINRA updates their info bi/monthly should the previously recorded data have changed.