/biz/ - Business & Finance

>>22986102
the answer is I have no fucking idea
even if regulation sho proves to be a catalyst who the fuck knows when they have to cover?
regulation SHO only says "immediately" but for all I know that could be right at close or AH

Repost from last thread for those interested
Fail to deliver data for the first half of september has been posted by the SEC
FTD means the share was short sold without arranging a borrow beforehand, i.e "naked shorting"
https://www.sec.gov/data/foiadocsfailsdatahtm
9-1 310,668
9-2 917,224
9-3 783,719
9-4 1,048,386
9-8 556,234
9-9 252,787
9-10 630,799
9-11 431,853
9-14 398,676
data taken from: https://www.sec.gov/data/foiadocsfailsdatahtm

what's interesting is we've been on threshold securities list starting 9/22 which means (0.5% * 65.16 = 325,800) five consecutive days of over 325,000 shares failed to deliver should have started 9/15, but instead go as far back as 9-10 (even earlier if not for the small drop on 9-9)
for contrast in the previous month of August the median number of FTD was 20,201 the minimum was 415 and the max was one outlier of 347,372 (next highest number was 70,632)
Makes me think that for the second half of September the true numbers were 1M + shares a day FTD

After 13 days (at the longest) naked shorts have to be immediately delivered via market buy per regulation SHO

when we hit short interest > shares outstanding there was a lot of speculation whether or not this means there was naked shorting.
The S3 guy argued no: https://www.shortsight.com/short-interest-of-float-2-0/ it's just there are more shares floating around because each short sale "creates a new share" so to speak

The SEC data seems to suggest otherwise. If my hunch based on the first half of September is right, then were talking 10-15 M shares naked shorted. That's basically the entire growth in the SI and a fifth of the public float

>>22900911
HIROSHIMOOOOT