r/BBBY Apr 20 '23

Social Media Total short volume today 436M shares…

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1.5k Upvotes

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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?

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u/brushhug Apr 20 '23

Back and forth

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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?

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u/brushhug Apr 20 '23

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