HPCS_chart.pngOn Friday last week there was markedly higher trading activity with the stock of HPC POS System Corp (OTC:HPCS).

The trading volume exceeded 2.7 million shares, which is three times higher than the daily average.

Part of the exchanged shares were turned over in short transactions. FINRA indicates that the short volume for the same day was comprised by 211 thousand shares.

In other words, the short activity represented 11% of the whole trading volume for the day.

On Friday the company HPCS_logo.jpgfiled an 8-K report which announced the issuance of 31 million restricted common shares to the Chairman and President of the company, Melvin Coles.

According to the press release, the issuance would be considered compensation of $1.1 million for services provided by Mr. Coles.