Could be broker inventories.

    DRYS

    Posted by EdZ on 17th of Nov 2016 at 10:55 am

    The typical short squeeze happens when a stock’s fundamentals unexpectedly improve. As a result, the surge in buying following the news is compounded by short sellers buying to close out their short positions. However, in extreme cases, such as the DryShips scenario, broker inventories can also come into play.

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