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Re:GameStop Is Rage Against the Financial Machine by oars on Wednesday January 27, 2021 @06:22PM (#25935571)
Can you explain how it's possible to borrow more stock than is outstanding?
Re:GameStop Is Rage Against the Financial Machine by prostanac on Wednesday January 27, 2021 @07:19PM (#25936242)
I have one stock in GME, and borrow it to you. You then sell it on the market to somebody. That somebody can subsequently borrow it again to a short seller who will again sell it on the market. Repeat.
Re:GameStop Is Rage Against the Financial Machine by rightbyte on Wednesday January 27, 2021 @07:50PM (#25936578)
If a shorter lends his one borrowed stock to another shorter there will be a chain of shorters for the one stock. Isn't that what happened?