Float way over 100%?

[SmallShark]

Hi

I am new here. Sorry if my question seems simple.

Look at this http://finance.yahoo.com/q/mh?s=OSTK you will notice strange number like 243% Is this connected with naked short selling?
To what % the naked short selling is legal?

a.

 

[The Kin]

OSTK has a major naked shortselling problem but the numbers cannot be that high.

 

[psytrade]

Probably the turnover within the timeframe they use is higher than 1. Say the stock turns over in 1 day more than the float, or in a month, and all those institutions reported having XYZ % of the company on any given day.

 

[SwingOutOn5]

http://clearstation.etrade.com/cgi-...station.etrade.com/cgi-bin/details?Symbol=amd


short % is about 74% here.

beware of yahoo - numbers are frequently wrong. This is especially true of the numbers of the income statement, balance sheet, and cash flow pages. Don't rely on their 'key statistics' either.

 

[Banjo]

Nothing to do with shorting. The "float" is the # of shares not held by institutions/ insiders and therefore considered readily availble for trading. What this is saying is that insts. hold 243% of the float # of shares. Something to consider for a newby, this means that the daily price of any given stock may be the product of traders exchanging the float shares throughout the day since only the float is traded.