Seems like anything under a 40B market cap has been getting shorted for almost a year now since that GME hype and incredible runup before. During that time, the major indexes outside of the R2K have had stellar years albeit with incredibly pathetic breadth and 25% of the components driving the indices.
Basically seems like the big caps are the 'flight to safety' since you can't do bonds and crypto is way too volatile; and the hedgies figured they might as well short the crap out of low caps in the meantime, with redditors being willing knife catchers.
Think that's been all in anticipation of the Fed tapering that should complete by March and that's it's been a huge red flag? Or think more it was just extreme overvaluations so made a great short target with inflation expectations and now are way too oversold and due for a rebound?