FINRA short statistics are useless because they sh
Post# of 148278
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Posted On: 08/04/2022 8:55:34 AM
Re: onestepahead #127200
FINRA short statistics are useless because they show what the situation was TWO WEEKS AGO. There is NO way of knowing what the current short interest is NOW. There is NO way of knowing whether a trade was someone buying new shares, or someone covering a short position.
They have the capability of showing short interest at the close of each trading day. But they don't.
Why do they give us a snapshot of short interest only twice a month, so that it is always outdated?
Because the market makers have a pretty good idea of what the real short interest is, and it give their big-trader clients an edge.
Just another way for them to put their fingers on the scale.
Don't believe what some guy on the internet says he knows about what the short interest is. He doesn't. We can GUESS, but we have no hard data.
They have the capability of showing short interest at the close of each trading day. But they don't.
Why do they give us a snapshot of short interest only twice a month, so that it is always outdated?
Because the market makers have a pretty good idea of what the real short interest is, and it give their big-trader clients an edge.
Just another way for them to put their fingers on the scale.
Don't believe what some guy on the internet says he knows about what the short interest is. He doesn't. We can GUESS, but we have no hard data.
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