Yes, Scuba, 4 weeks of churning prices was certainly fortunate for the short sellers to play the ups and downs and reduce their short positions.
I have often speculated that institutions that hold large long positions are likely to short those shares to ensure no risk either up or down. That way they can list those stocks in their portfolios to impress their retail customers. If they work out a sure way to eke out a few per cent profit each year, I'm sure they would do it. I don't see any other way short positions can get so large.
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