Error for GME float?
Ticker: GME
Shares Outstanding 76.49M
Implied Shares Outstanding 69.38M
Float 248.48M
There appears to be an error with the float number, as it's significantly higher than the shares outstanding and implied shares outstanding.
How is the float determined? It's the only line item on the statistics page that doesn't have a footnote for a source.
I appreciate your time!
Thank you for bringing this issue to our attention. We’ve corrected GME float and notified our data provider about the error.
How is the float determined?
A company’s float is a measure of the number of shares available for trading by the public. It’s calculated by taking the number of issued and outstanding shares minus any restricted stock, which may not be publicly traded. S&P Dow Jones Indices, including the S&P 500, are weighted according to companies’ float. The Nasdaq Composite still uses shares outstanding as the weight to calculate market capitalization.
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any mouse commented
Yahoo’s reported float history for GME:
- 9/10/2021: 124.61M
- 9/11/2021: 248.48M
- 9/12/2021: 249.51M -
studacris commented
I don't understand how this could be possible
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D B commented
Investing.com explains the float should never be higher than outstanding shares. How is yahoo finance sourcing this information?
Perhaps there is illegal naked shorting occurring which has increased the float?
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Jake Brenner commented
Lol a random yahoo IT guy is about to declare whether or not the global economy is on the brink of disaster
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LMAYO commented
This is certainly peculiar. I await the findings eagerly. Cheers.
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Ashley Bent commented
Great question. I’d love to know the answer as well!
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My Name commented
?
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Jonathon Clawson commented
I agree some sort of footnote to note what information goes into that number would be helpful?
Also why does your information read out differently outside of the US do you have different reporting standards you have to apply in different countries?
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Thomas Anders commented
"Error"? What if it's not ;)
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Bell King commented
See y'all on the moon 🚀
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Ryder Scodes commented
Buy, Hold.
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Thomas Gregory commented
There is also an error on Total Insider Shares Held, which is being reported as 54.35M.
https://ca.finance.yahoo.com/quote/GME/insider-transactions?p=GME
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Kevin Brown commented
Error? Or is that simply the real float has been sold 4 times over?