I have added more at the bottom explaining what the float means Yes he said that 201 million shares at brokers And what about the people that have there shares in there own names remember there are 44 shareholders of record And we have only about 5 or so restricted S/H The free trading shares are 218.6 but 201 are held by brokers or sometimes call street name. So that means the free trading shares that have been transferred to customers names That is usually done by friends of family or other large share holders. Moral ennis and that other guy are part of restricted.
The people with shares in there name are the only true holders that wont be selling to quick!
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A company's float is an important number for investors because it indicates how many shares are actually available to be bought and sold by the general investing public. The company is not responsible for how shares within the float are traded by the public - this is a function of the secondary market. Therefore, shares that are purchased, sold or even shorted by investors do not affect the float because these actions do not represent a change in the number of shares available for trade: they simply represent a redistribution of shares. Similarly, the creation and trading of options on a stock do not affect the float.
Still don't quite understand what a float is? Here's an example:
Say the TSJ Sports Conglomerate has 10 million shares in total, but 3 million shares are held by insiders who acquired these shares through some type of share distribution plan. Because the employees of TSJ are not allowed to trade these stocks for a certain period of time, they are considered to be restricted; therefore, the company's float would be 7 million (10 million - 3 million = 7 million). In other words, only 7 million shares are available for trade.
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