Yes. Melvin still has to cover their shorts, which means that they still have to buy the stock to return what they've borrowed. When they do cover their shorts, the price will go up hard, if only briefly. They have no choice but to cover their shorts. By buying, you'll be helping to fuck over (((hedge funds))) , and if you set an automatic sell price of say 500, you'll catch profit as a bonus. Never invest what you can't afford to lose, once money is invested consider it spent money.