False - Short volume has nothing to do with equity Short interest.
Short volume each day is not shorting and is almost always covered in a few minutes. The volume that exists after the short time limit for reporting each day is reported as short volume 9not actual short interest, which is reported twice-monthly to FINRA as Equity Short Interest.
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Daily Short Sale Volume Files
The Daily Short Sale Volume Files provide aggregated volume by security for all short sale trades executed and reported to a TRF, the ADF, or the ORF during normal market hours for public dissemination purposes (i.e., media-reported trades). There are individual files for the volume associated with trades reported to each TRF (FINRA/Nasdaq Chicago, FINRA/Nasdaq Carteret, FINRA/NYSE), the ADF, and the ORF. There is also a file entitled "Consolidated TRF/ADF Daily Short Sale Volume Files," which combines the volume for trades in exchange-listed securities reported to the TRFs and the ADF.
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