The short sellers are getting massacred.
Many people consider short sellers to be the eternal villains of stock investors everywhere.
Speaking personally, I was a Day Trader for 10 years, and action like this is completely fascinating.
As a trader, I would create defensive short positions with Put and Call Options, but I never traded short for profit.
I understand short-selling is the ability to find stocks that are overvalued and believe they are due for a haircut and guarantee a buy if the stock falls to where they think it will fall.
They are just recognizing what the market created.
What happens if you sell short, hoping the stock goes down, and the stock goes out of business?
You can’t cover your short position