Look at the chart... It says it all. The major dumpage occurred the day after trading resumed, perhaps they still were more buys on the ask than sells on the bid. Before yesterday it was a similar scenario except the candle was much smaller, still more buys in the ask than sells on the bid. Yesterday with over 50% shorts, still it closed even, it hit a higher low, smaller candle, less volume, more buys on the ask than sells on the bid... Sign of accumulation in three days of trading. MACD weekly chart is turning around. I believe the company is done diluting for now. Check it out! Short covering should push this up.
I doubt a reversal will occur yet, but it's prime for a bounce at this level. I wouldn't want to be short when this occurs. Good luck.
