I agree. It may be that the system sees it as such.
It's possible that MMCAP is loaning out shares to short sellers for income.
No chance for fails to deliver if the shares that they are shorting actually exist.
Naked shorting is "generally banned". “Regulation SHO,” mandate that broker-dealers have reasonable grounds to say that shares will be available for delivery before facilitating short positions.
It's all very interesting.
