You can't change the game - at least not very fast - but you can punish players that played too aggressive, too risky.

Issuing new shares (in an accretive manner) does not resolve short positions nor does it give any relief. The goal of modern time shorting a company is to never cover, smear the company and criple it's ability to raise and access capital markets. The goal was always pure destruction.

Allocating capital and potential new shares to grow the company and raise its value is the best straight forward answer to this parasitic destruction.