I assume hedge funds know when a short squeeze looks viable, so they know how to do it and turn a profit. If they didn't do this, that means they didn't think i

I assume hedge funds know when a short squeeze looks viable, so they know how to do it and turn a profit. If they didn't do this, that means they didn't think it could turn a net profit, so there's a decently chance people late to the party will lose a lot.