Yes. It's not_good_4 shorts unless dying company.
I think it occurred with the:
• The leading electric car company
• The plant-based protein burger (and other stuff) company
• The ~150 year old retailer which started with the catalog
• The once dominant natural gas leader in OK City
• The once dominant retail video rental chain (once on every corner)
• And several others
NEVER, EVER, NEVER want to short a company with greater than 20-30% float, unless really know what you're doing and have the funds to stay-the-course (remain covered no matter the short-term squeeze).
Funds did this with "The dinosaur" companies.
Hedgies, collectively, may "Shoot against the shorts" just to screw them.
Then it's a game for them to see who can get out (sell) first.
Look at the squeezes on these companies. Some violent and short-term and those that want to keep the shares, have a steady "Melt-up".
If Institutional Ownership starts buying here, we may have a similar "Melt-up" situation.