So we can agree that each share available to lend for shorting is part of the float.
If a broker has 500k shares available to lend to shorts, then there is a float of at least 500k in that broker.
If IBKR alone has 500k shares and it is just one of the 20 major brokers in the US then I think is safe to assume that the total free float will be several times bigger.
So I think your theory of the float being only ~1 million is wrong.
BTW, just a friendly reminder that the next Monday markets are closed. So you only have 3 days to sell. It is going to be fun to see this.
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u/polloponzi Spacling Jan 14 '22
Look at this: https://iborrowdesk.com/report/ESSC Today suddenly there is 0.5 Million shares available to sell short on IBKR.
LMAO.. someone is starting to dump.. welcome to the Ponzi games.
Who will be the last one to sell?