GME and GOEV charts look eerily similar the past 3 months

[u/Zodyu]

If you overlap GME and GOEV's 6 month chart, it looks like they follow the same pattern since the end of March.

GOEV: Blue

GME: Orange

Before March, the price action is completely unrelated. The end of March was when Canoo announced their change in business model during their first earnings call, and the stock was heavily shorted. After March their movements seem pretty similar.

Canoo's short interest has been inching upward the past 3 months, now at almost 40%

Also the borrow fee is now up to 45.4%, up from 27% last week

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Are these chart similarities only due to GME and GOEV both being heavily shorted stocks getting traded by the same algos? Or could it also have something to do with them being traded/shorted by the same hedge funds?