Float way over 100%?

Discussion in 'Stocks' started by SmallShark, Feb 19, 2006.

  1. 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?

  2. OSTK has a major naked shortselling problem but the numbers cannot be that high.
  3. 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.
  4. Banjo


    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.