How much did VW short squeeze?
It is estimated the VW short squeeze cost short sellers about £30 billion ($38.33 billion).
How much was Volkswagen stock worth in 2008?
VOW. F - Volkswagen AGDateOpenAdj Close**Oct 29, 2008527.03376.87Oct 28, 2008484.52673.40Oct 27, 2008365.86344.94*Close price adjusted for splits.**Adjusted close price adjusted for splits and dividend and/or capital gain distributions.1 more row
How much was Volkswagen shorted 2008?
Furthermore, the seemingly “low” short interest of 12.8% turned into a massive supply and demand imbalance. Thus, millions of shares needed to be bought immediately even though there were simply no shares available to be sold.
How long did VW short squeeze last?
In October 2008, a short squeeze triggered by an attempted takeover by Porsche temporarily drove the shares of Volkswagen AG on the Xetra DAX from €210.85 to over €1000 in less than two days, briefly making it the most valuable company in the world.
What caused VW short squeeze?
The biggest short squeeze in history occurred in 2008 when Porsche embarked on an unexpected series of maneuvers that left it controlling a huge percentage of Volkswagen's (VW) stock. This briefly made VW the most valuable listed company in the world.
How long will a short squeeze last?
Takeaway #1: Short squeezes typically don't last long. The Volkswagen short squeeze took the longest amount of time to climax at 31 trading days. The average short squeeze in this data set lasted approximately 12 days from the onset to the peak.
How high can a short squeeze go?
If you short a stock at $10, it can't go lower than zero, so you can't make more than $10 per share on the trade. But there's no ceiling on the stock. You can sell it at $10 and then be forced to buy it back at $20 … or $200 … or $2 million. There is no theoretical limit on how high a stock can go.
When should you sell in a short squeeze?
A short interest ratio of five or better is a good indicator that short sellers might panic, and this may be a good time to try to trade a potential short squeeze.