Description: no.
short interest: 12m (S3, IB) (21% daily float) borrow rate (Interactive Brokers): 1.1% borrow availability (Interactive Brokers): 767000 GME (finally) sold some shares and raised $550m off this oddly persistent price plateau. Separately, it redeemed all of its long-term debt early. These are good signs, but short sellers are not currently incurring a lot of mark-to-market losses or paying a lot of interest.
what happened?
GME stock never saw a short squeeze during its last peak. It could have - looking at you, Robinhood - but short interest gradually declined during that period of extremely high volume.