This the right explanation. This FINRA daily short list is a fashion now on iHub and strongly missinterpreted or used to manipulate the opinion . Should be sticked !
Thank you very much, Tex. This is a quote from that post: "The reason the number is not 100% is because not all orders are routed thru independent market makers."
I have to wonder what the point is of publishing this daily list that FINRA seems so proud of. Why call "short volume" short volume when it is NOT accurately reporting short volume? Not even close! It seems to be just a waste of everyone's time. Boo on them!