by bramzero
Answer: What happened last year was actually not a short squeeze, but FOMO buying pressure, as confirmed by the report released by the SEC
https://www.sec.gov/page/sec-staff-release-gamestop-report
Many have been speculationg that shorts never closed their position, they’ve been using illegal methods/loopholes like “covering” their shorts with synthetic long shares generated from the use of options.
GME is going up again due to the news surrounding their NFT marketplace and the fact that more than 125 000 GME holders have directly registered more than 10 million GME shares (and still growing) under their names through the GME transfer agent Computershare, these shares are out of DTCC/brokers therefore locked away from the short sellers.