ANALYSIS - GME percentage of float trading on OTC market is 234 TIMES HIGHER than Dow 30 stocks!

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’.

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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

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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/

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