As an example, Volkswagen stock went through this same thing over a decade ago. It was heavily shorted, it jumped dramatically, then had a week or so of a huge fall because of the back and forth selling...then shot to the moon over a few days
I heard it could last until March. They have a neat trick to use options to reset the countdown until the squeeze but even that has to end at some point.
As an example, Volkswagen stock went through this same thing over a decade ago. It was heavily shorted, it jumped dramatically, then had a week or so of a huge fall because of the back and forth selling...then shot to the moon over a few days
Apparently the shorts have until tomorrow before they are not allowed to continue on NYSE
Source?
I heard it could last until March. They have a neat trick to use options to reset the countdown until the squeeze but even that has to end at some point.