The internet home for Hoos anywhere and everywhere.

The Corner

GoochlandHoo

Joined: 08/11/1998 Posts: 25658
Likes: 7274


What I'm a bit confused by is the number of short shares out there, versus


..the number of shares out there. Can there actually be more short shares issued than total outstanding shares?

Look at the link below. If you scroll down a bit, you get to a section named "SHARE STATISTICS". There are
- 69M Outstanding shares
- float 49M (the float is the number of shares that are on the free market)
- 72M short shares.

Now, assuming the Yahoo numbers are correct. How can you have 2x as many short shares vs the float? (I'm thinking maybe it is because if different expiration dates, but that is just a wild ass guess).

If indeed this is the case, then it seems there are not enough shares out there to cover the number of short shares....AND, if the shorts are all forced to cover their position on Friday, they will need to bid up the stock to infinity and beyond, as they need to buy back shares. Now, here is a question (my lack of understanding of how the "short sale" works in reality), at the end of the day on Friday, do today's current shorts own all the stock? (thus not only do they loose a boat load of money, but in the end, the shorts are the ones who ultimately are left holding the bag, and eveyone buying makes money?

The thing that I'm wondering is, at Friday, come close of market, do those who own all the shorts

(In response to this post by SchmHoo)

Link: GME


Posted: 01/28/2021 at 06:34AM



+0

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
  Watched the NewReport last night on PBS -- GoochlandHoo 01/28/2021 08:22AM
  See e.g. tulip run up in -- Spudnut 01/27/2021 9:14PM
  Not sure people planted tulips as an F U movement -- Chesapeake HOO 01/27/2021 9:43PM
  They are -- Spudnut 01/27/2021 9:46PM
  But the end result will be -- Spudnut 01/27/2021 9:50PM
  Think it’s flawed logic -- hoos2008 01/27/2021 8:51PM
  Don't the shorts have a time limit, though? -- SchmHoo 01/27/2021 9:00PM
  Yes. -- 135Dobie 01/27/2021 9:15PM
  Assuming option expiry on Friday ** -- hoos2008 01/27/2021 9:02PM
  The Redditors have delivered their demands. -- JMHoo 01/27/2021 8:44PM
  LOL..."eat a dick" ** -- GoochlandHoo 01/28/2021 06:16AM
  #reddit ** -- Trigon 01/27/2021 9:09PM
  Or buy stocks. That works too. ** -- QBSacker 01/27/2021 9:35PM
  Mostly what's the current situation? -- SchmHoo 01/27/2021 8:23PM
  Sort of. Yes. I responded above about margin. ** -- 135Dobie 01/27/2021 9:00PM
  Copy and paste from a friend -- WamplerR 01/27/2021 10:09PM
  Thank you! ** -- CavMan1 01/28/2021 09:46AM
  I think it’s that simple -- WamplerR 01/27/2021 8:38PM

Get the Sabre Edge!

Subscribe to TheSabre.com!

UVA Hoops Fans, Check Out Intangible

vm314