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swingingRichard

04/19/18 8:38 AM

#165286 RE: Joincoinrush #165283

There's not a single source supporting the "massive" shorting assertion. They are all just regurgitating the Short Interest Report in some form or another. These web sites have all downloaded the report from FINRA. FINRA is THE source and they tell you in plain language the report cannot be used the way everyone is trying to use it.

You can't short a penny stock. You don't want to short a penny stock. The upside is limited and the downside is infinite. No one is going to take that bet. No one.

Timothy Sykes is not a real person.
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Homebrew

04/19/18 8:47 AM

#165292 RE: Joincoinrush #165283

FINRA Shows 626,000 shorts. Minuscule, as expected because margin requirements are a turn-off, Risk-Reward sucks for shorting, plus fees & interest.

Very little incentive to short penny stocks.
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TenKay

04/19/18 9:07 AM

#165310 RE: Joincoinrush #165283

"There are too many sources that prove otherwise."

The ONLY meaningful source is FINRA. And FINRA is reporting short interest of a whopping 626,432 shares

http://otce.finra.org/ESI

That is 0.7% of the average daily volume over the last 30 days.

That is insignificant.