That is not how it works. The short seller has to confirm that they can deliver stock prior to placing the order. All they need to do is either call their lender and ask whether they will be able to borrow up to X shares if they were to sell them, or have a standing arrangement with a prime broker that up to X shares are always confirmed as available. Trading prior to settlement of the stock loan is totally allowed and is routine.
Ann: Funds Under Management - December 2021, page-52
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Last
$9.81 |
Change
0.190(1.98%) |
Mkt cap ! $1.773B | |||
| Open | High | Low | Value | Volume |
| $9.61 | $9.82 | $9.55 | $5.448M | 559.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 875 | $9.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.82 | 1469 | 2 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |