Some folks seem to not understand how most traders make their money ... many here can't wait for the day that LQMT hits $1.50 or $4 or $15 ... but that's not how traders, or especially shorts, make their money.
You get an 8% to 15% profit, you cover/sell and move on or wait for the next dip or spike to take advantage of. Rinse, repeat, over and over - sometimes the same stock, sometimes a one and done ... So of course a shorter would take a profit on what happened last week - it absolutely makes sense, and it's also predictable in this stock.
The folks who do this successfully have extreme discipline and don't just tie up their money in a bank, hoping for a miracle. They actually use their money to make money . One can make a lot lot lot of money by closing out positions repeatedly for "silly" or "laughable" 8-15% percent gains ...
So strange that buying and holding this particular stock makes one a genius but a trader who comes in and out of it are somehow idiots or jerks. Pretty funny.