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StockpickerCAPC

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StockpickerCAPC

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Tuesday, 01/24/2023 3:38:30 AM

Tuesday, January 24, 2023 3:38:30 AM

Post# of 81573
What are phantom shares and naked shorts? | Thornton McEnery: MarketWatch

During the GameStop short squeeze in 2021, the number of shares borrowed to short exceeded the number of shares of the company’s stock in existence. The situation raised eyebrows on Reddit and even Congress, because the appearance of shares that don’t actually exist is often a clue of a securities fraud known as “naked shorting". But what is naked shorting? And what are phantom shares? Thornton McEnery is here to explain both for you.

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