Co-Founder of Ortex confirms “majority” of short sellers have not exited their positions in Meme stocks.

“Although we have seen some exiting of positions throughout the year, the majority of short-sellers have been happy to sit on significant paper losses in the hope that retail investors will blink first and the losses won’t be realized,” said Peter Hillerberg, co-founder of financial analytics firm Ortex.

“This now looks like a flawed strategy.”

https://www.bloomberg.com/news/articles/2021-06-03/defiant-meme-stock-short-sellers-stare-down-4-5-billion-loss

*Edited to add Bloomberg source after Reuters changed the article.

Also, thanks for my first awards! Can I buy crayons with these?