If the shorts are not budging (unwinding their shorts) then this can still go much higher.
The retail trader is not in a position to play the short sell game. He hasn’t the clout. Thus he must hold on, and is doing so. As I recall shorts must close out accounts at the end of the month if a loss is pending. Thus, many people are sick to their stomach today. Please correct me if I am wrong.
121% is shorted