Replies to post #23528 on Woodbrook Group Holdings Inc (WDBG)

[shajandr]

Here ya go - READ AND LEARN

Daily Short "Volume" (regsho): Intraday volume Market Makers transactions when they temporarily short a stock for a couple of seconds or a minute to fill an order in a timely manner, then cover a couple minutes later (often quoted at otcshortreport). Meaningless number because it's just the first leg of a transaction reported of filling orders. Completely unrelated to short interest. This number can often be quite high for thinly traded stocks, thus more likely to get hyped as shorts, even though it's not.

Psssst. That's part of MM's job..."Making a market"

Short "Volume" Example: 1,000,000 buy order comes in. MM doesn't have 1,000,000 handy to fill the order, so quickly shorts 1,000,000, fills the order for the customer rather than keep them waiting. Then after taking a sip of coffee, covers the temporary short.

Now, lets say that happens 10 times today, for a total of 10,000,000 shares, short "Volume" is 10,000,000, but at EOD, it doesn't result in any short "positions" or "interest" because they were all covered right away.

The next day, someone sees the 10,000,000 short "volume" and talks about 10 MILLION SHORTS YESTERDAY ....."