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Might want to go back and read that whole link....

I was indeed talking about the way I've known it to be and didn't realize the SEC started trying to better regulate it in 2008. But in reading the article, I don't see where much has changed.

Perhaps if we changed 'is' for 'should be' it would be accurate.

"the float 'should be' the portion of shares available for shorting."

The control activities are all conceptual and theoretical and not strong in practice.

When someone sells a share short, the broker does not identify specifically which share was borrowed from where. "Available" only means they are out there somewhere. No one has to 'prove' where the shares are coming from. So, a lot of different brokers executing a lot of different short sales 'can' exceed float. Not that it happens often, but it happens. (No, it 'shouldn't' but the regulation and matching of short and available shares one-to-one is only theoretical/conceptual.)

Though, I guess it matters not at all to DDD. Just don't see it happening.
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