I thought there was a deal done too, but the insti

I thought there was a deal done too, but the institutional percentage of float is a negative number of -2.93%. The 777.33% of Shares Held by All Insider figure is also perplexing.

I asked ChatGPT about how the institutional percentage of float could be negative and a few reasons were given. In any case, the stock price increased from where it was stuck and that is good.


A negative percentage of float held by institutions is likely due to data misreporting, misinterpretation, or a temporary situation in which the reported float and institutional ownership numbers are incorrectly calculated or outdated. Here are a few scenarios that might explain this:

1. Short Selling: If institutional investors are heavily involved in short selling a stock, their positions might technically be reported as "borrowed" shares. Short sellers borrow shares to sell them, but these shares might be counted as part of the float. If institutions are borrowing more shares than are available in the float (or in excess of the current float), it could skew calculations.


2. Data Errors or Reporting Discrepancies: Sometimes, discrepancies between different reporting systems or timelines can result in negative values. If float data (the number of shares available for public trading) and institutional ownership data are reported at different times or from different sources, they might not align properly, leading to erroneous negative percentages.


3. Corporate Actions: Events like stock splits, reverse stock splits, or share buybacks could affect the float or institutional holdings in ways that are not immediately captured in reporting, potentially leading to unusual or negative values.


In any case, a negative percentage of float held by institutions is likely an issue of data mismatch or error rather than a normal financial phenomenon.

Biolyfe