Can anyone with investing background explain how DWAC has a public float of about 28,000,000 shares, but on it’s first day of public offering almost 500,000,000 shares were traded. So by that math, essentially each share would have been bought and sold 18 times in that day. Could this be anything other than naked shorting? Perhaps something related to options? There had been one decent sized run up after hours in the last month, which would indicate a fund likely exiting a short position.

Any thoughts?