A bunch of shorts 100% closed their positions. That was the original smaller push that made the stock take off. The rest of it was momentum from retail investors, algorithms, etc.
There was never going to be a flag day though... shorts cover over time as their bet looks less likely to payoff. By the time the "squeeze" day arrived the billion dollar losers had already covered.
There was never going to be a flag day though... shorts cover over time as their bet looks less likely to payoff. By the time the "squeeze" day arrived the billion dollar losers had already covered.