Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Robinhood Raises Another $2.4B from shareholders. Parent comment
"Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist"
- https://www.investopedia.com/terms/n/nakedshorting.asp
> that extra 40% will fail to deliver, because those shares don't exist
This is not true because all shorts don't have to be covered simultaneously.
> The SEC actually keeps a list of trading companies with high rates of failure to deliver as a means of detecting naked shorting
Funnily enough, $GME had very high failure to deliver rates in December [0] but this is not necessarily due to the short interest.
[0] https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_...
There are no comments on this comment yet.
"Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist"
- https://www.investopedia.com/terms/n/nakedshorting.asp
> that extra 40% will fail to deliver, because those shares don't exist
This is not true because all shorts don't have to be covered simultaneously.
> The SEC actually keeps a list of trading companies with high rates of failure to deliver as a means of detecting naked shorting
Funnily enough, $GME had very high failure to deliver rates in December [0] but this is not necessarily due to the short interest.
[0] https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_...