yes, of course. less shares available. the more shareholders hold them. the higher goes the price

therefore, markets aren't always cut and dry

in this case, we know there is a large short position. news came out
at 2pm yesterday. not even 2.5hrs ago

stock already rocketed up from $026 to $035 in that time

and no reason to sell. only to buy (for anyone with 2 working brain cells)