Why Naked Short Selling Is Not As Prevalent As You Think

benzinga2021-06-08

AMC Entertainment Holdings Inc jumped another 10% on Monday, and the hashtag #NakedShorting was trended on Twitter in the process.On Monday’sBenzinga PreMarket Prep, co-host Dennis Dick discussed why ...

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精彩评论

trojan1337
2021-06-08
trojan1337
This article is like telling people. People might have buried gold in their backyard, but not me!!
random1990
2021-06-08
random1990
Commented
DesmondChin
2021-06-08
DesmondChin
When you are shorting, you won't tell the whole world you are shorting
Navybean
2021-06-08
Navybean
Bear this in mind - if you short a stock and the original lender sells his or her shares, the broker must locate additional shares to borrow. If it can’t it will potentially close out the short position in a process known as a buy-in.
- redbean:
  👍🏼
- redbean:
  agreed
- redbean:
  true
- random1990:
  commented
- redbean:
  yes
yct
2021-06-08
yct
Sure

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Those shares are then sold to a buyer to open a 100-share short position. That buyer can then turn around and lend out the shares to another short seller, which can open up a second 100-share short position on the same 100 shares of stock.Because brokers aren't required by law to tell buyers their shares were borrowed by the seller, Harts said that chain of rehypothecation can continue indefinitely and has sometimes resulted in certain ETFs temporarily having short interest of more than 1,000%.All of this is regulated by Regulation SHO, a regulation created by the SEC and enforced by FINRA, which requires that brokers report all their trades that failed to clear for one reason or another (this list would presumably expose naked shorting).But according to Tim Quast, founder of Market Structure Edge, the list doesn't show that.\"There is very little naked shorting,\" said Quast, \"That's not the problem. The people who are trying to look for naked shorting here don't understand the way the stock market works. It's not naked short selling, and it's not illegal behavior that is leading to this.\"Naked Short Selling Crackdown:Dick said institutional investors and hedge funds are often audited by regulators to ensure that they're not engaged in naked short selling, which is illegal. Regulators cracked down on naked short selling following the financial crisis in 2008.In 2021, if you are short a stock and the original lender sells his or her shares, the broker must locate additional shares to borrow. If it can’t it will potentially close out the short position in a process known as a buy-in.“I’ve had buy-ins happen to me lots of times. I short stocks, and I get that notice. I’m like I want to be short this stock, but I know I have to go cover it right now because if I don’t do it the broker will physically go into my account and execute a buy,” Dick said. “We’re passing around all this nonsense on social media about naked short selling running rampant. This is misinformation.”Dick said there could be a handful of small naked short sellers out there breaking the law, but no major market makers like Citadel are opening naked short positions.“It isn’t common practice that everybody’s just running around and doing naked short selling and it’s the Wild West because there’s fines for that and potential jail sentences for that,” Dick said.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":117646126,"gmtCreate":1623140471665,"gmtModify":1634036526615,"author":{"id":"3574916293171379","authorId":"3574916293171379","name":"trojan1337","avatar":"https://static.tigerbbs.com/943a776c7741ee5cc4d67b3592fbb000","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3574916293171379","authorIdStr":"3574916293171379"},"htmlText":"This article is like telling people. People might have buried gold in their backyard, but not me!!","listText":"This article is like telling people. People might have buried gold in their backyard, but not me!!","text":"This article is like telling people. People might have buried gold in their backyard, but not me!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117646126","repostId":1188108131,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117894876,"gmtCreate":1623127913895,"gmtModify":1634036639352,"author":{"id":"3575979610512628","authorId":"3575979610512628","name":"random1990","avatar":"https://static.tigerbbs.com/0e75db31595da3aeb6d04e8342820d05","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575979610512628","authorIdStr":"3575979610512628"},"htmlText":"Commented","listText":"Commented","text":"Commented","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117894876","repostId":1188108131,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117131473,"gmtCreate":1623121218892,"gmtModify":1634036709274,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578983795474363","authorIdStr":"3578983795474363"},"htmlText":"When you are shorting, you won't tell the whole world you are shorting","listText":"When you are shorting, you won't tell the whole world you are shorting","text":"When you are shorting, you won't tell the whole world you are shorting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117131473","repostId":1188108131,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":117191380,"gmtCreate":1623120645840,"gmtModify":1631894000356,"author":{"id":"3563946272109058","authorId":"3563946272109058","name":"Navybean","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3563946272109058","authorIdStr":"3563946272109058"},"htmlText":"Bear this in mind - if you short a stock and the original lender sells his or her shares, the broker must locate additional shares to borrow. 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