This is not about retail or at least not in any great quantity. Shorts, conversion/dilution are interlinked. They short, they convert to cover and the number goes up.
Lets say that the OS number from the T/A is up-to-date for a minute which it could well be. They could have shorted yesterday, shorted today and then used the 7 mill added from yesterday to cover those shorts.
The reason I said tomorrow will be a good day is that if that logic holds, no shares were converted today and therefore tomorrow the shorting will stop. If you were watching the L2 late in the day today, the "dilutors" or shorts imo stopped sitting on the ask.
We'll see, maybe I'm trying to see predictability where there is none but if tomorrow is a green day, I may be correct.
