Midnightjester wrote (on reddit/cydy) As of 1/15/

Midnightjester wrote (on reddit/cydy)
As of 1/15/21 they were 30,200,000 total Short shares. Someone mentioned that new total short shares numbers were coming out 2/9/21 or sometime near.

My response:
Please correct me where wrong.
When shorts first take a position in a stock like CYDY, they enter by "selling" they hope at a high share price. That action, selling is what takes the share price down. (And investors believing their lies and selling),

If the damage is already done by shorts "selling", it seems like we should be looking forward to share price rising, because the shorts all must cover, by buying which drives the share price up.

Unless those short folks become confident or desperate and coordinate with other shorts because they don't see the share price dropping, and thus they "double down" by borrowing and (selling) shorting more shares???

The link to shorting below has a Fee Rate for CYDY of 20.31%, what does that mean?

https://shortablestocks.com/