No it’s not. Short volume and short interest are not the same. Short volume is not a short position. Short volume is only the first leg of a multi leg transaction, and won’t settle until T+2.
There are no significant FTDs in this security, no abusive shorts.
This is on OTCMarkets website: “The Misleading” – Daily Short Volume
In contrast, the most frequently misinterpreted data is the Daily Short Volume, sometimes referred to as Naked Short Interest. This data shows the percentage of published trade reports (called media transactions in FINRA Rules) that were marked short. As an example, the recent data for OTC Markets Group shows that up to 90% of the trading volume comes from short selling on some days. If we did not carefully track our bi-weekly Short Interest, we could easily be led to believe that short selling is rampant in our stock.