Short interest by itself is unreliable.
again. Lots of stocks deserve to be shorted. There was a time when AMC deserved to be shorted.
Reddit noticed both AMC and GME were shorted to death so people started buying them, which locked shorts into losing positions. In response they piled on to those positions to push the price down and shake people out, but people still kept buying. As of now we are still playing that same game.
The hope is that something will tip this over the edge and force the shorts to stop playing the game.
That’s the play. That’s what it’s always been. That’s what it is today. I get it people just want to see the price go straight up but shyt don’t work like that