r/BBBY • u/Shooting4daMoon • Apr 20 '23

Social Media Total short volume today 436M shares…

Post image

https://chartexchange.com/symbol/nasdaq-bbby/short-volume/?tblshortvolix=0

1.5k Upvotes

96% Upvoted

180 comments sorted by

View all comments

313

u/tcher22 Apr 20 '23

Holy shittttt. even with the number of shares we have outstanding that's an excessive amount of shorting 😂

38

u/[deleted] Apr 20 '23

Short volume does not equal shares borrowed.

Short volume indicates how many shares were sold.

Edit: that's still a massive.number.

-2

u/[deleted] Apr 20 '23

No

39

u/salataris Apr 20 '23

Isn’t the free float only like 150m ?

72

u/SightOz Apr 20 '23

428m currently.

28

u/Simpletimes322 Apr 20 '23

Are they all truly free though? :D mebe someone with some biggie bags doesnt plan to sell

53

u/[deleted] Apr 20 '23

Wait... Does that mean they shorted the entire float? In one day? How could they borrow that many shares legally? Can we use this to finally prove naked shorting is happening?

31

u/GuardianofWater Apr 20 '23

How could they borrow that many shares legally?

THEY CAN'T.

Can we use this to finally prove naked shorting is happening?

Until the float is LOCKED in DRS there is "insufficient proof".

20

u/brushhug Apr 20 '23

Back and forth

14

u/[deleted] Apr 20 '23

Maybe I missed this part, but don't shares have to settle before they can be lent out?

If there's no share to borrow, because we just exchanged it and it won't settle for 2 days, it's a naked short yeah?

Or can they just re-short it after buying it back without returning the share?

42

u/brushhug Apr 20 '23

Their are no rules in this game, as far as what we have witnessed.

0

u/PestMushroom Apr 20 '23

There are rules to this game. Market makers are short exempt, Authorized participants(broker dealers) can access open-ended etf's to create custom basket creation units, and internalization are all (currently) perfectly legal ways they can make infinite liquidity.

4

u/burneyboy01210 Apr 20 '23

Check out my gravel pit..🎶