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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by chrononaut on Wednesday February 02, 2022 @09:50AM (#30178303)
Another comment cited an SEC report that concluded that most of the price movement wasn't related to shorts being closed: https://news.ycombinator.com/item?id=30177747

Admittedly I am not sure that's directly related to the theory being referenced by you and OP as I am hazy on all the historical discussions.

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