I think I’ve mentioned in the past that I don’t believe they mean “short” interest there. I believe they count all shares that are sold at the bid to be “short”. That is not true since someone that holds shares and sells them at the bid is just selling their position. It is not a new “short” position.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.