Almost every time the price goes up intra-day sellers step in to push it down, strongly or weakly
Either it is shorters doing more than "zilch" or there are large holders willing to behave like shorters
If shorters are more active than buyers at any given point of time their downward pressure is a lot more than "zilch"
Who else do you think is responsible for red candles and downward price move throughout almost every day
Whether the SP is rising or falling bots and shorter-like sellers are producing red candles
Not just those "holding" borrowed shares for shorting purposes
So declared short positions are probably only half the story or less than half as you may be trying to say?
In a word Manipulators may be the better description for persistent Red Candle Makers.
Genuine sellers can surely not account for all the red pressures seen daily?
Traders who manipulate eg tree shakers are a big issue
Sadly they trick weak holders into selling.
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