Sorry, I should have backed up my statement. Apparently, most hedge funds are actually doubling down on their short positions, believing people who are holding will sell. GME is still shorted more than 100%, so it's basically a game of chicken between short and long gamers.
The problem is the shorts have to pay interest, so they need an out ASAP, while the sentiment of the longs is that they will hold indefinitely.
Disclaimer: I'm not a financial advisor, and I don't even have any of the shorted stocks. I'm just following the news.
The problem is the shorts have to pay interest, so they need an out ASAP, while the sentiment of the longs is that they will hold indefinitely.
Disclaimer: I'm not a financial advisor, and I don't even have any of the shorted stocks. I'm just following the news.