Regarding shorting and naked shorting - There are

Regarding shorting and naked shorting - There are so many factors that come into play. I have seen my buy and sells be reflected as shorts on the same ORF Finra site and actually have spoken to them on a few occasions. The problem you have is that it is all piled into one bucket.

You don't know what is short, naked short, short and covered, plus the data is not 100% up to date meaning the data can lag a day or two or not at all. Depends on how it is submitted. If you really want to learn about where the data comes from, call them.

There is also dark pool shorting where you cover your short trades via a pool of hidden shares so short volume never seems to go down even though they were covered.

With Elite you have to decide for yourself whether its MMs naked shorting, People shorting because the stock is a good target to short or short bluffing meaning using short tactics and trading to drop the price on low volume while scaring long investors into selling. This is more about controlling the price and trying to scare long term investors and what we see with ELTP.

Its really poker. Right now you have folks trying to guess what is in the other players hands. L2 is nice but folks can make that look like what they want it too. If enough people believe the same thing, then it doesn't matter what the cards are on a hand by hand basis.

So looking at Elite, you have to decide on the value of the company. Is it undervalued or overvalued. If you believe the company is undervalued you would generally not short a company and if you believe the company is overvalued then you might short the stock.

Elite makes no sense to short with real volume. Volume is often a trickle and their are so many catalysts and unknowns that you would easily find better targets. Plus you have mgmt and others with large stakes in the game and real products, growing rapidly.

Then you have abuse resistant Opioids which is a massive hard to enter market with major players in need. No one is shorting the stock because they believe this won't come to pass or the products are not real.

Look at the posts you read elsewhere and the determined effort. Thats an awful lot of work to move the stock a few % on low volume with a great chance to get burned. The upside is 10x the downside. Everyone even seems to agree the stock is going to go up but just a matter of when.

Thus you have short bluffing. If you can buy something worth x, for half x, you would do that and work to make that happen. in OTC world its easy to do. And none of it has anything to do with the company or value of the company.