[the_drunkard]

Institutional hedge funds got greedy and they're getting punched in the gut by retail investors; personally i think it's nice to see.

A few comments on the price action:

1) true short interest is unclear; remaining short-sellers will likely be forced to "buy to cover" over the next few days, potentially driving the price even higher.

2) WSB users invested heavily in call options; "exercising a call" option can also drive price action higher if they were sold a "naked call".

[generj]

It’s suspected Fridays price jump was caused by your second point: naked call sellers buying shares. The so called “gamma squeeze”.

Every single strike price on Friday was in the money on expiration. It’s hard to overstate how ludicrous that is.