Your broker lends your share out. I borrow it. I sell it to Tom. I borrow the sh... | Hacker News

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gowld on Jan 29, 2021 | parent | context | favorite | on: Statement of SEC Regarding Recent Market Volatilit...

Your broker lends your share out.

I borrow it.

I sell it to Tom.

I borrow the share from Tom's broker.

Tom's broker and I both have no idea it's "the" "same" share I borrowed.

Boom, 200% short interest on "that" share.

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