Hi I am new here. Sorry if my question seems simple. Look at this http://finance.yahoo.com/q/mh?s=OSTK you will notice strange number like 243% Is this connected with naked short selling? To what % the naked short selling is legal? a.
Probably the turnover within the timeframe they use is higher than 1. Say the stock turns over in 1 day more than the float, or in a month, and all those institutions reported having XYZ % of the company on any given day.
http://clearstation.etrade.com/cgi-...station.etrade.com/cgi-bin/details?Symbol=amd short % is about 74% here. beware of yahoo - numbers are frequently wrong. This is especially true of the numbers of the income statement, balance sheet, and cash flow pages. Don't rely on their 'key statistics' either.
Nothing to do with shorting. The "float" is the # of shares not held by institutions/ insiders and therefore considered readily availble for trading. What this is saying is that insts. hold 243% of the float # of shares. Something to consider for a newby, this means that the daily price of any given stock may be the product of traders exchanging the float shares throughout the day since only the float is traded.