Short selling corner

Every now and then someone successfully 'corners' the market in a security or commodity. A well executed corner is a thing of elegance and beauty, even if it results in financial mayhem for some. In this case, short sellers have somehow managed to sell short more Volkswagen shares than are available for trade, because Porsche has acquired rights to a large proportion of the shares. The result is that the hedge funds and others who have sold shares they don't own now have to buy them in at almost any price. Click on the title link to go to an article that explains what has been going on.