| Author | Source |
|---|---|
| u/nibbie1998 |
| [Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1) |
Hey Apes!
I did a comparison between the trading data (February 2021) on the OTC from the Dow 30 stocks and GME. I found out that the average trading volume divided by the float for Dow 30 stocks is 2.80%. One outlier was Boeing Company with 16.80% of float. Most of them were between 1.2% and 4.4%. For GME this is 655.80% of float! This is 234 times higher than ‘normal stocks’.
Additional analysis by u/Important-Ad6786:
“Downloaded the outstanding share numbers and this FINRA data for 9,000 companies.
Filtered out companies with a market cap smaller than $5 billion, and then sorted them by ratio of OTC reported shares traded to the number of oustanding shares.
Outstanding shares isn’t the same as float, but still provides a good picture of how anomalous this is.
This provides some insight as even among lower market cap companies, GME is still anomalous with 400%+ shares trades compared to the number of outstanding shares.”
Comparison of shares traded as % of outstanding shares
Sources:
Files used: https://github.com/NibbieHub/FinraOTCdata
Stock float data: https://finance.yahoo.com/
OTC trading data: https://otctransparency.finra.org/otctransparency/OtcIssueData
Dow 30 stocks: https://www.cnbc.com/dow-30/