Volkswagen Short Interest Rising Again

The short base (as measured by Percent Shares Outstanding on Loan) for Volkswagen (VLKAY.PK) currently stands at just over 3% - up from the 52 week low of 1.4% on April 7th 2009. Prior to April 7th, the short base for Volkswagen had been steadily falling from the 52 week high of 16.39% which was set on September 24, 2008. This decline followed the sharp jump in share price after Porsche AG (POAHF.PK) announced that it was holding option positions that would bring its overall holdings in Volkswagen to over 70%. Both companies are have engaged in merger talks but these are now on hold after Volkswagen Supervisory Board Chairman Ferdinand Piech said that Porsche has too much debt.

The short base for Volkswagen is below that of Peugeot (PEUGY.PK) (7.1%), Daimler AG (DAI) (4.96%) and Fiat (FIATY.PK) (8.37%).

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