Low float

Screening Filters

1. Floating Shares ≤ 8,000,000

   • Purpose: Directly target “low float” stocks.
   • Rationale:
     • The user’s main request is “low float stocks,” which refers to companies with a relatively small number of shares available for public trading.
     • Setting a maximum float of 8 million shares narrows the universe to stocks that are genuinely low float by common trading standards.
     • This is the core filter that aligns most explicitly with your question.

2. Market Cap: $100,000,000 – $2,500,000,000

   • Purpose: Focus on smaller companies without going into the riskiest micro/nano-cap territory.
   • Rationale:
     • Low-float names often tend to be small-cap or mid-cap, not mega-caps.
     • A minimum of $100M market cap avoids ultra-tiny companies that may be highly illiquid, extremely speculative, or prone to manipulation.
     • A maximum of $2.5B keeps the list biased toward smaller companies where low floats are more common and more impactful on price movement.
     • This makes the results more practical and investable while still capturing the “low float” nature you’re interested in.

3. Price: $3 – $40

   • Purpose: Avoid penny stocks and very high-priced outliers, focusing on a tradable, mid-price range.
   • Rationale:
     • Minimum price of $3 helps filter out very low-priced penny stocks, which often overlap with extreme risk, potential delisting issues, and unreliable liquidity.
     • Maximum price of $40 concentrates on names that are still relatively accessible to most traders and where low float can still create notable volatility.
     • This range balances avoiding the most speculative sub-$3 names while keeping the universe in a practical trading band.

4. Monthly Average Dollar Volume ≥ $1,000,000

   • Purpose: Ensure there is at least a basic level of liquidity and tradability.
   • Rationale:
     • Dollar volume (price × volume) measures how much money actually trades in a stock over time.
     • A minimum of $1M per month helps exclude stocks that barely trade, which can be very difficult to enter or exit without significant slippage.
     • For low float stocks, this is important: you get the characteristics you’re looking for (limited supply of shares) but avoid names that are so illiquid they’re impractical to trade.

5. Exchanges: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)

   • Purpose: Restrict results to major U.S. exchanges.
   • Rationale:
     • You asked for “stocks in the US market.” The primary U.S. stock markets are NYSE, NASDAQ, and AMEX.
     • Limiting to these exchanges excludes OTC and pink-sheet stocks, which can be far less regulated, more opaque, and much riskier—especially in the low float segment.
     • This keeps the results aligned with mainstream U.S.-listed equities.

Why Results Match Your Request

• The floating_shares ≤ 8M filter is the central piece: it directly captures “low float” stocks.
• Limiting to NYSE/NASDAQ/AMEX makes sure you’re seeing U.S.-listed names, matching your “US market” requirement.
• The market cap, price, and dollar volume constraints don’t come from your wording directly, but they refine the list so that the low float stocks you see are:
  • more established than micro/nano-caps,
  • not extremely illiquid or obscure,
  • within a realistic price range for most traders.

Together, these filters are designed to surface tradable, U.S.-listed low float stocks while avoiding the riskiest and least liquid corners of the market.