because electronic trading makes the shares from thin air, just like the fed creates their fake currency which they do not have to account for to ANYONE. If stock certificates had to be issued to all holders it would TOTALLY change the way casino wall st operates. It would also create a bunch of counterfeiters because thugs will always be thugs
Hello Razor, his figure is incorrect. Around 135% of the float is long.
The reason why it can be more than 100% is due to short sellers. Each short seller creates someone who "owns" a share of stock, even though that share only really exists due to the short seller.
In the case of GameStop 136.10% of the float is held by institutions, so basically mutual funds and pension accounts reported holding more stock than really exists. The reason for this is the short shares of 38.89M as of April 30th, which are down from 43.8M.