The short volume on the 4th continued to amount to over 50% of the total volume, which it has consistently been for awhile now. That doesn't signify short covering to me.
I'm hoping for a stock play, ahead of any partnership. That would be ideal.
But it depends of the company's resources. These guys have historically managed the float beautifully. They may yet be doing so. But it is also possible they are unable to do so now.
So it remains to be seen whether Tuesday's volume was related to an unfolding stock play, or to some type of business partnership.
Who the hell was able to provide that many locates for the short sellers, anyway?