Question about trade volume being 7x amount of Outstanding Shares

Investing Education Intermediate/Advanced Investment
1

This company, Unusual Machines (UMAC), had a total of 8.3 million shares outstanding. On 11/27 the trade volume was 56,838,968. It was announced premarket that Donald Trump JR joined the advisory board. My position in this stock is < 1% of my portfolio. My questions are:

  1. Did a subsection of those 8.3 million shares trade hands 56 million times?
  2. Was additional stock issued?
  3. Is short sale data available daily?
  4. If yes, where is this data located?
  5. How can this information be used?
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2

Professional traders can make money when price changes by a tenth. And can trade shares many times per day if they want to.

https://www.marketwatch.com/investing/stock/umac?mod=mw_quote_switch

Volume chart on Market Watch shows heavy trading early in the morning .

Yahoo Finance shows price doubled in the first hour before settling down.

In those circumstances not surprising to see pros doing lots of trading.

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