FMG 0.68% $26.79 fortescue ltd

Hi there. I am trying to understand the terminology "Reported...

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    Hi there. I am trying to understand the terminology "Reported Gross Short Sale" on a particular day. For instance the Reported Gross Short Sale of FMG on the 29th Sept was 1,400,392. What is this mean? I am guessing this number representing number of shares has been sold on the market by shorters. Could some one please kindly explain? Many thanks.
 
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