GME was $45 on February 23rd and is currently trading just under $200.
Those who were short GME had their opportunity to cover their short position at a modest loss at $45.
The shorts are now in trouble again and we should expect a wild ride in the next few days.
GME might reach $1000 as the new squeeze is put into play.
I don’t think the hedge funds ever covered, I think they kept shorting at higher and higher prices hoping to outlast the retail investors