"They are pushing shite up hill. Look for them to bail out like they did in 2020 when the short position was >10%."
Interesting that you have alluded to a short position of greater than 10% in your post. In one of the recent Joe Lowry articles that I saw a couple of weeks ago where the topic of short positions came up and the other guy who was in the discussion with Joe automatically said that if you ever find a stock that is being shorted by around 20% then BUY it. He did not qualify his statement about how bad or how good the company was, he just said buy it.
I guess what he was saying was that there must be a limit to where shorts over saturate their positions and eventually shite in their own nest when it's time to extricate themselves from their short positions.
Sorry, I can't quote the person who was in the discussion with JL, but it did imprint indelibly upon my memory what he said as I had never thought of shorting in that way.
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