Market overhang

Market overhang means that the number of stocks available to buy and sell on the market is much bigger than the number of people who want to buy them. This causes the prices of stocks to go down. For example, if there are 1000 stocks but only 100 people who want to buy them, the price of the stock will go down because there are more stocks available than people who want them. That overhang of stocks is called market overhang.