Re:GameStop Is Rage Against the Financial Machine
by cwhiz on Wednesday January 27, 2021 @01:10PM
(#25931615)
How can you get to a point where 140% of the shares are shorted without naked shorts?
[ Parent
| on HN ]
Re:GameStop Is Rage Against the Financial Machine
by TheCoelacanth on Wednesday January 27, 2021 @01:26PM
(#25931835)
A owns 1 share (the only share in existence for simplicity) and lends it to B.
B short sells to C.
C lends 1 share to D.
D short sells.
200% of outstanding shares are shorted.