New investors, the statement "53% of today's volume was

New Post Public Reply Private Reply Replies (0) Message Board
sox0407
258
New investors, the statement "53% of today's volume was short sales" wasn’t in the source file. The most recent short interest is < 1% of the OS and the most recent failure-to-deliver (naked short) # is a measly 338 shares. IMHO interpreting short volume as actual short sales is misleading. This is what FINRA, the exact same source which the #s are posted from, said.

"Thank you for contacting FINRA’s Office of the Ombudsman. Regarding your question, it would be incorrect to assume that short sales comprise 32% of the total volume on that trading day for IPIX . FINRA publishes the daily short sale volume pursuant to an SEC mandate; however, there are various trading anomalies that result in the reported short sale volume often being exaggerated. Thus, the true total short sales volume may be significantly lower than the volume that is reported. Third parties sometimes ignore this and try to claim the ratio is valid to further their own objectives."

https://investorshangout.com/post/view?id=4804282

MMs mark shares short temporarily to execute trades and they are almost always covered in the same day, therefore the actual short % is much lower than the # suggests. If the short volume indicates actual naked shorting, would the criminals be stupid enough to leave incriminating evidence in the FINRA file?

You can also check out these two posts for some detailed explanations.

https://investorshangout.com/post/view?id=4670279

https://investorshangout.com/post/view?id=4816479

Here are the official short interest and failure-to-deliver data.

Settlement Date: 2/28/2018
Current Short: 1,146,037
Previous Short: 1,147,767
Change: -1730 (-0.15%)
Average Daily Volume: 419,357
Days to Cover: 2.73

0.79% of the outstanding shares were short interest.

http://otce.finra.org/ESI

“In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard two-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due ( known as a “failure to deliver” or “fail” ).”

https://www.sec.gov/investor/pubs/regsho.htm

According to the SEC, only 338 shares (0.0002% of the OS) were failure-to-deliver as of February 14.

20180214|45782D100|IPIX|338|INNOVATION PHARMACEU|0.67

https://www.sec.gov/data/foiadocsfailsdatahtm

Innovation Pharmaceuticals Inc (IPIX) Stock Research Links

IPIX Board Company Profile Buy Rating Time & Sales News Filings Financials
Dont-give-up.jpg
Scroll down for more posts ▼

Top 10 Most Recent News Articles

111, Inc. Strategizes with Advisors Amid Proposal Talks

Updated Category News Views 62

Every time a company's board starts tossing around phrases like "strategic alternatives," you’ve got to pay closer attention. 111, Inc., holding the NASDAQ ticker YI, is one such entity at a crossroads. They've enlisted Houlihan Lokey China Limited as their independent financial advisor and Kirkland & Ellis as their U.S. legal counsel to sift through potential strategic...

Continue Reading
Cognizant & EBRD Unite for Tech Transformation Push

Updated Category News Views 87

An Unexpected Collaboration to Watch Sometimes partnerships come out of left field, like this one between Cognizant and the European Bank for Reconstruction and Development (EBRD). These two are teaming up to inject some serious tech smarts into the Bank's operations over the next five years. What's interesting here is the role AI and automation play in their grand...

Continue Reading
ASICS and University of Michigan Launch Innovation Lab

Updated Category News Views 65

Running Innovation Gets a Boost in Ann Arbor On a crisp fall day up in Ann Arbor, ASICS and the University of Michigan have decided it's high time to shake up the world of running product R&D. These two powerhouses just launched the ASICSx Michigan Sport Innovation Center (AMSI), an academic-industry research lab. It's like they're mixing college smarts with business...

Continue Reading
Docusign and SAP Team Up for Seamless Business Flow

Updated Category News Views 63

Docusign Brings Its A-Game with SAP Partnership Waking up to find Docusign (NASDAQ:DOCU) teaming up with SAP is like getting a surprise deal at the Saturday market—unexpected but welcome. These two giants in their respective fields are joining forces to plant Docusign’s Intelligent Agreement Management (IAM) directly into SAP Sales Cloud and SAP SuccessFactors. If...

Continue Reading
Sac-TMT's Phase III Success Shifts Lung Cancer Paradigm

Updated Category News Views 629

A New Era in Lung Cancer Treatment? Sac-TMT, the novel antibody-drug conjugate (ADC), just might be shaking up the non-small cell lung cancer (NSCLC) treatment landscape, and boy, is it making waves. Just when you think you’ve seen it all, here comes sacituzumab tirumotecan (sac-TMT), offering a glimmer of hope for patients whose treatment options have dwindled after...

Continue Reading
Tennessee's Bold Lung Cancer Trial Signals Innovation

Updated Category News Views 268

The Heartbeat of Innovation in Cancer Therapy Who would've thought Tennessee would be at the forefront of a global push against lung cancer? Sure, there's Nashville's music scene, but it's the researchers at Tennessee Oncology who are grooving to a different beat—one that might just set the rhythm for advanced cancer therapies worldwide. Yeah, it's a trial, but not just...

Continue Reading
Air Sealing First: Boosting Home Comfort & Efficiency

Updated Category News Views 219

Everyone wants a cozy, energy-efficient home, right? Well, the first step to achieving that might just surprise you. Forget about shoving more insulation into the walls for a second; air sealing should be your starting line. That's the drum Insulation Expert Mike Mancuso is beating, and he's got a point worth considering before you touch another insulation panel. Cracking...

Continue Reading
Monster Energy Unleashes Gaming Frenzy at Cosm L.A. Event

Updated Category News Views 340

Where Energy Drinks and Digital Reality Collide Monster Energy sure knows how to throw a party, especially when it hinges on something as electrifying as Call of Duty: Modern Warfare 4. Imagine this: Cosm Los Angeles is decked out with a massive 87-foot LED dome, and every gamer, celeb, and influencer ready to dive right in. You can't make this stuff up. They've mashed...

Continue Reading
Sintilimab Poised for New Milestone in Melanoma Fight

Updated Category News Views 100

An Opening Shot: NMPA's Decision Window Well, here's the latest chapter in the saga of battling advanced melanoma with some real gritty numbers behind it. Innovent Biologics has thrown its hat back in the ring with news that the China National Medical Products Administration (NMPA) has embraced a new indication application for their drug sintilimab. They're teaming it up...

Continue Reading
Reimagining Water: A Crisis and a Call to Action

Updated Category News Views 57

Time for a Change The head of the World Water Council, Loïc Fauchon, didn't mince words at the 9th Cairo Water Week. He proclaimed the old methods of water management are sinking under a flood of modern challenges. Toss in climate upheavals, ballooning cities, and unpredictable diets, and you've got yourself a swirling mess that traditional strategies just can’t mop...

Continue Reading

Top 5 Most Recently Viewed Articles

Intellia Therapeutics Investors: Join the Class Action Now

Updated Category News Views 249

Intellia Therapeutics Class Action Lawsuit Overview Investors in Intellia Therapeutics, Inc. (NASDAQ: NTLA) are presented with an important opportunity to join a class action lawsuit aimed at addressing potential securities fraud. This initiative highlights the rights of shareholders who purchased securities during a designated period. If you are among these investors,...

Continue Reading
Summit Hotel Properties to Release Q3 2025 Earnings Details

Updated Category News Views 172

Summit Hotel Properties Announces Earnings Release Schedule Summit Hotel Properties, Inc. (NYSE: INN) is set to unveil its financial results for the third quarter of 2025. The disclosure will take place after market hours on the designated date, marking a significant period for the Company. Details of the Quarterly Conference Call The exciting part of this announcement is...

Continue Reading
Blue Moon Metals Moves Forward with Economic Assessment of Project

Updated Category News Views 63

Blue Moon Metals Initiates Preliminary Economic Assessment Blue Moon Metals Inc. (TSXV: MOON, OTCQB: BMOOF) has made a significant move in advancing its operations with the announcement of a Preliminary Economic Assessment (PEA) for its Blue Moon Project, a crucial step for the company's future. This project, located in California, boasts the largest known polymetallic...

Continue Reading
Celebrating a Legacy: BUILD's Impact on Youth Entrepreneurship

Updated Category News Views 278

BUILD Celebrates 25 Years of Transforming Youth Lives BUILD, a leading nonprofit dedicated to empowering youth from underserved backgrounds, is set to celebrate a remarkable milestone: its 25th anniversary of providing valuable entrepreneurship education. This commemorative event, known as BUILD the Future, will take place on a special night aimed at honoring those who...

Continue Reading
Innovative Device Revolutionizes Child Safety and Tracking

Updated Category News Views 146

The A E G I S device emerged as a potential game-changer back in 2024, aimed at addressing a growing concern—safety for children and vulnerable populations. This wearable tracking gadget promises to give parents peace of mind by ensuring that their loved ones can be located quickly if they wander off or face dangerous situations. But while the concept has drawn...

Continue Reading