ADT Corporation, Groupon Inc – Two Big Short Squeezes That Happened Yesterday

ADT Corporation, Groupon – two massive short squeezes yesterday  By: Sam Walker, Financial Markets Enthusiast, Contributor to investbrain.net Short Squeeze #1 – ADT Corporation, +48% ADT Corporation’s stock rose yesterday following the announcement that private equity firm Apollo Global would be acquiring the company for $42 a share in cash, an enormous premium over the company’s previous close. ADT had one of the highest short interests heading into Tuesday with Bloomberg estimating that 21% of the public float was sold short and therefore the news resulted in one of the most painful short squeezes we’ve seen in a while. With a deal…