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 available to be traded (number of shares outstanding, minus any restricted shares)
The volume is the number of shares that were traded on a particular day – but they could have been the same share being traded back and forth 95 million times.
A trade being counted in the day’s volume number does not remove that share from the float. They are two separate ideas.
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