Aug. 21 at 9:38 PM
$BINI $AMZD $MSFD $ORIS $SGD
Hi Paul,
Your figures for BINI are wrong.
In their Pre14A filing on August 19th, BINI reported about 7.5 million outstanding shares.
The latest short share report would be for the end of July, but BINI had a 250 to 1 reverse split on Aug 4th.
That reported number of short shares would have been based on the number of short shares when there were about 450 million shares of BINI. Meanwhile, your divisor was most likely the out-of-date outstanding share count that you reported.
So you are reporting figures which give a nonsensical short interest number for BINI. To get realistic figures, you could either adjust the number of short shares by dividing them by 250, or you could simply not report the number at all. I'm not sure if your process is fully automated or not, but if it is fully automated, you should have a sanity check step which causes you to have to manually review it for figures so out of line with reality.
