I worked for a few listed companies and usually sold down my share allocations from the companies because I treated the shares as part of my employment / performance payments. E g. house purchase.
But it was not a reflection of my view of future share price performance or my commitment to those companies.
Also as an employee I never watched share prices that closely as I was too busy putting out fires and adding value.
I think at this time of year people shorting know they the can make good money from a2 because even if they have to cover at a slightly higher price than the short price they will still eventually make money on those shares on the big xmas price run up.
I.E they cannot loose if they risk manage their shorts.
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