(CNBC.com) Scarcity of stocks in Volkswagen—after Porsche bought up nearly all the remaining free float—triggered a short squeeze that pushed VW's market capitalization above that of oil major Exxon Mobil at one point Tuesday.
VW shares rose almost 150 percent Monday after Porsche announced Sunday it held stock and options equivalent to 74 percent of Volkswagen. Short sellers then scrambled to cover positions.
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