Plain-English definitions, reviewed by an independent investor

Float

Float is the number of shares actually available to trade, excluding those locked up by insiders or the government.

Float is the number of shares actually available to trade, excluding those locked up by insiders or the government.

Float = Shares Outstanding − Restricted Shares

Why it matters

It tells you how tradeable a stock really is, beyond its total count.

Common confusion

A tiny float can swing hard on small orders, raising both opportunity and risk.

Definitions reviewed by the Investing Glossary editorial team.

Frequently Asked Questions

Low float danger?

Few sellers means sharp spikes and drops on modest demand.

Float vs shares outstanding?

Outstanding includes locked shares; float is the tradeable slice.

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