Yes.
However, most small investors do not have the ability to actually sell “short”. If there are options that trade on this stock, you may be able to buy “put” options. The worst that can happen with these is that they expire worthless and you are out your initial investment. Not all stocks have options traded though.
This is a stock. It is not a futures contract on a commodity like pork bellies, wheat, corn, oil, lumber or OJ like in the movie “Trading Places”.
Wears Beaks?
In theory, yes, but now that everybody knows about it, it's a hot potato not worth touching.
Sure, if you want to be bankrupted.
You only need to get your face ripped off once to scratch that itch. Feel lucky in front of a steam roller?
You are playing musical chairs right now.
Sure the stock will go down..but you could blow up your account.
And Puts are so darn expensive right now.
No shares are available to short. The puts for the following week already have the drop priced in.
The whole reason for this is that ~150% of the available shares had been shorted - someone was either double lending stocks to short, or someone was naked shorting - both of which are illegal.
This time the bad guys got caught with their pants down.
“Wouldn’t now be a good time to short the stock?”
No. Not with the Covid vaccine rollout.
I believe what’s going on here is savvy investors realize the pandemic is soon to end and are buying stocks which have been shorted-down in anticipation of a Pandemic-is-Over signal. The stocks which have been shorted down hard will skyrocket due to a short squeeze. This is the classic definition of what is known as a bear trap scenario.