Short sellers doubling down on these ASX stocks despite the GameStop saga

If you thought short sellers are beating a hasty retreat following the GameStop Corp. (NYSE: GME) share price saga, think again!

Australian short sellers are not only holding on to their bearish bets, but they have stepped up their attack on a number of ASX shares.

Unlike their US counterparts, short selling hedge funds are retreating with their tails between their legs after the Reddit army of retail investors sent the GameStop share price soaring.

Short sellers undeterred by GameStop squeeze

Short sellers are those who borrow stock to sell on-market. The aim is to buy it back later at a lower price to profit from the difference.

These bearing investors tend to be more sophisticated than mum and dad investors. But as the GME share…