So here is an example:
– Company: TransCode Therapeutics Inc.
– Stock: RNAZ
– Float: 1.58M
– Shares outstanding: 2.03M
– % Held by Insiders: 29.52 %
Yesterdays Volume was 95,516,663 so about 60 times the Float.
(All data from Yahoo Finance)
How is this possible and why is this possible?
Cheers and see you behind Wendys
In: 1
The float is the number of shares that are available for trade on public exchanges. Volume is how many times shares of that company were traded (bought and sold) in a specific time period. And since the same share can be bought and sold multiple times, it’s entirely normal for trading volume of a company’s shares to exceed the number of shares floating.
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