When retail traders' gangs short stock, they have costs for holding those positions -- interest on the loaned stock. So when people hold a short for a long time, it is not cost-free to them.

That could be a reason for these take-downs -- try to cover the stock to take some profit and pay for the interest cost. Then, run it up and short again.

I am hoping that the morons short IPIX again. It will make it all the more terrible for them when news comes and the searing short squeeze happens.

Quote:

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When you borrow a stock you may have to pay interest on that "loan," just as you would when you borrowed any other type of asset. The rate of interest is generally set by broker-dealers and is dependent upon such factors as the availability of shares. In general, fewer available shares means a higher rate of interest.

https://www.fidelity.com/learning-center/trad...rt-selling

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