Question about when hedge funds have to cover their short positions

So right now 290% of the float is shorted. , currently there are 27M floating shares, which would mean they  Appvalley need to buy 78M shares to cover their short position.

So, when they are forced to cover their position and they buy all 27M floating shares, they still need to buy 51M more outstanding shares right?

so does rnay basically mean, the 50millions Chea Tweakbox pest shares will sell?

if so, what soes that mean for the remaining 20million outstanding shares that wont need to be sold?

 

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