Metaplanet CEO: The company's stock is heavily shorted, but this strategy may not succeed

Simon Gerovich, CEO of Metaplanet, a Japanese listed company that adopts bitcoin treasury strategy, said in a post on the X platform that the company's stock may be the most shorted among Japanese listed companies, but this strategy may not be successful. Do short sellers really think shorting bitcoin is a successful strategy? Trading data shows that yesterday Metaplanet's over the counter trading volume ranked third among 12,000 companies and fourth in trading volume. As of now, the company's bitcoin holdings have reached 7,800, worth about $833 million.