...and this is what Totus said in their February Performance...

...and this is what Totus said in their February Performance Summary:

At Totus we look for stocks with medium to long term tailwinds (for longs) and headwinds (for shorts). Over shorter periods (e.g. a month long reporting season) investor positioning can be a bigger driver of share prices than fundamentals and if too many investors are short (e.g. because a business has a fundamental problem) we can occasionally experience a “short squeeze”. The good news for us is that if our thesis on a stock (or sector) is correct, then these squeezes inevitably run out of steam and fundamentals come back into play (i.e. share price goes back down).

The bad news for Totus is, if their 'thesis' is wrong, the squeeze wont run out of steam and the fundamentals (as they see them) wont 'come back into play' (i.e. share price goes up and up and up).