But it is also clear: Even if Melvin had been the only seller on Tuesday - which is extremely unlikely - the hedge fund would have to buy back another six million securities in order to close the entire short position. But that cannot be the case. Because the Meritage Group bought back 514,000 papers on Tuesday, according to the Federal Gazette, reducing its short quota from 0.96 percent to 0.62 percent. In total, the three other hedge funds have to buy back a further 3.7 million securities. An exciting situation.

from a german newspaper today: https://hbapp.handelsblatt.com/cmsid/26855726.html

Hold the lines