Financial expert Dennis Kelleher explains how firms like Melvin Capital can deny they are naked shorting GameStop when in fact they are doing just that. Also explains how you can have a 140% short position on a stock who's actual tradable float is less than 80%. FTD (failure to deliver) is also explained.
Dennis M. Kelleher is the president and CEO of Better Markets, Inc., a Washington, D.C. based nonprofit organization that promotes the public interest in the U.S. and global financial markets.
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