On paper, yes you are right. But in practice, most of the floating shares were not really floating (held by long term buyers who had no intention to sell). So the float actually available was only 1% of outstanding shares (after Porsche's buyout of 44% of outstanding), while short interest was 12.8% of outstanding.
On paper, yes you are right. But in practice, most of the floating shares were not really floating (held by long term buyers who had no intention to sell). So the float actually available was only 1% of outstanding shares (after Porsche's buyout of 44% of outstanding), while short interest was 12.8% of outstanding.
Source: https://moxreports.com/vw-infinity-squeeze/