In a real-world financial context, a short squeeze occurs when a stock that has been heavily bet against (shorted) suddenly rises in price.
The investigation reveals a darker layer involving a fraudulent medical startup and a leukemia drug trial that failed to help 200 sick children, leading to the death of a young boy. 👔 Character Focus: Special Agent Scola [S3E13] Short Squeeze
For the first time, Scola opens up about why he left the world of finance for the FBI—he couldn't stomach the lack of empathy and the focus on "dollar signs over human lives". In a real-world financial context, a short squeeze
Unexpected positive news or a surge in buying forces "short sellers" to buy back shares to limit their losses. Unexpected positive news or a surge in buying
Nathan Gold, a man whose firm was accused of "squeezing" small-time investors, leading to widespread financial ruin.
This mandatory buying creates even more upward pressure, "squeezing" the remaining short sellers and causing the price to skyrocket.
Financial details of the case force Scola to confront his former career as a trader.