> Except the squeeze failed at $400, and short interest was still above 100% It's likely that as the price rose, the funds and investors that were shorting at

> Except the squeeze failed at $400, and short interest was still above 100% It's likely that as the price rose, the funds and investors that were shorting at the pre-squeeze prices were forced to close their positions at a loss. Then, they (or other investors) opened new short positions at the inflated higher prices, thus keeping the overall ratio high.