ADF Reporting Requirements
Under Regulation SHO, the Alternative Display Facility (ADF) reports aggregated short sale volume for all trades executed and reported to the facility during normal market hours. This data is a key component of the broader FINRA short sale volume reporting framework. Analysts utilize this information to gauge the intensity of short-selling activity in specific securities. As with other FINRA-reported data, this represents daily transaction flow and should not be confused with the bi-monthly official short interest reports that detail total open short positions.
Signal data sourced from FINRA. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.