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ChainBreaker
GME bought back 34m of its own shares in the last year. That kind of helped create the situation by removing free floating shares from the market whilst the outstanding shorts remained roughly level (and didn't do anything to avoid this bad position).
Some of the rumours are to watch out for a SEC filing that could mean GME issuing a huge chunk of those shares back onto the market. That would give GME a huge cash injection (way more than they'd get if they did the same thing at $20/share).
Looks like buys are back on again as it has jumped up to $196...