Civility said my piece for me. I may be wrong about it, though, as the link has updated to reflect today's volume, and that is a good deal higher.
However, much of that volume is actually more short shares. As much as 55%. Shorts can't be covered by other shorts, it has to be covered by a long. If retailers have been hoovering up a substantial portion of GME and holding it long, then there just aren't enough longs to go around.
Civility said my piece for me. I may be wrong about it, though, as the link has updated to reflect today's volume, and that is a good deal higher.
However, much of that volume is actually more short shares. As much as 55%. Shorts can't be covered by other shorts, it has to be covered by a long. If retailers have been hoovering up a substantial portion of GME and holding it long, then there just aren't enough longs to go around.
https://ns.reddit.com/r/wallstreetbets/comments/lbavu0/the_ratio_of_short_volume_to_total_volume/
The above post goes into some more detail about it.