WEB 2.12% $8.79 webjet limited

Web shorts were round 1% in June 2019 and shot up to over 10% in...

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    Web shorts were round 1% in June 2019 and shot up to over 10% in November.
    With the exception of a few shorts in June, am a right that nearly all shorts are now underwater?
    What does this mean. Are they hoping for a retrace? Happy to hold as a hedge? About to be squeezed?

    https://hotcopper.com.au/data/attachments/1931/1931255-e90a2d85da2f69295a2b670bbd469e4f.jpg
 
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