Not necessarily. My understanding is that shorts 'borrow shares' via a broker/MM action. Shorter's DO NOT have to sell those shares immediately but can hold them for an 'unlimited?' amount of time.
In other words, you are correct Porch, a LOT of 'borrowing' is going on. But I presume selling of those shorted shares will NOT occur until the lid is off of GTCH and their PPS begins to rise!! The volume of trade at the time will depend on how many of those shorts are sold at any one time along the incline of the pps rise.
Thus said, IMO, I expect one hell of a surge in sales by shorts as the retail buyers want in before it is too late (primarily when the pps crosses the line where more sales occur (taking profit) and buying becomes a necessity for shorts to 'cover' in replacing the shares (buying), borrowed, then sold and now, returned to the rightful owner of the original borrowed share (supposedly).
We all know that the math doesn't actually come out that way due to naked shorting but who is objecting???
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