Results from the first WSB hypothesis hackathon.
There is a much better repo that came out since we have had our hackathon, please use Caesurus' Short Volume. Since then, we have been working on a new hypothesis. Stay tuned for the new repo to drop. In the meantime, feel free to drop us a line to join in on the weekly hackathon fun.
The WSB President Wolfe Hypothesis came from this post. The post roughly states that the shorting volumes from 3 different sources (NASDAQ BX, NASDAQ PSX, FINA daily short volumes) can "sync", and when they do, the price of the stock goes down. A lot of people found this interesting on Wall Street Bets. I happened to comment on this post, and several DMs later, we had a team to build a scraper and analysis scripts. These are the graphs produced by the OP.
The hypothesis is easy to disprove by finding arbitary counter-examples. While tracking and especially normalizing shorting volumes can be a helpful indicator, there is no significant correlation between the 3 shorting volumes and the outcome on the price of the stock in terms of "syncing" behavior.
The sources of the data, as listed by the OP is the NASDAQ Volume Files ftp://ftp.nasdaqtrader.com/files/shortsaledata/daily/ and FINA Volume files.