What were the biggest short squeezes in history?
IG Analyst, 07 May 2021
From Piggly Wiggly to GameStop, short squeezes have been causing drama on the stock markets for more than a century. Read on to learn about the biggest short squeezes in history and how to take part in the next one.
What are short squeezes?
Short squeezes are market events where traders push up the value of a stock, forcing short sellers to buy (go long) to minimise their losses.
As the short sellers buy stock, the share value rises even higher, increasing the profits of the short-squeezing traders.
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Short seller Andrew Left says he’s found a ‘business dirtier than Herbalife’
Joe Ciolli, 04 October 2017
Andrew Left is back at it again. The Citron Research founder tweeted on Wednesday that the Canadian e-commerce company Shopify was a “business dirtier than Herbalife.” He also posted a seven-minute YouTube video outlining his bear case, titled “Citron Exposes the Dark Side of Shopify — The FTC Will Take Notice,” and posted a report to his firm’s website.
In the video, Left lays out the big question he has around the company: Outside the roughly 50,000 verifiable merchants working with Shopify, who are the other 450,000 the company says it has? According to Left, many of them are, among other things, influencers paid to promote the company.
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