Replies to post #49000 on AMC Entertainment Holdings Inc (AMC)

[iii_john]

They were "air shares". Counterfeits. Never really existed but was on their "books". Now they are gone.

When a 'legal short' (a stock that has legally been borrowed) is closed, the share is returned to the actual owner of that share.

[MastaBeta]

They cancel out an "IOU", a "borrowed" share in a ledger which they sold against. Once they buy the share back they can erase the IOU and the share disappears.

[iii_john]

OK. BUT remember there is a difference between a shorted-share and a NAKED short.