"Reported" Short interest is irrelevant...
NAKED shorts are not included in that list.
MMs have been holding the price down with naked shorting, but yesterday's action indicates that they were scared to short yesterday.
There were no sales for 1/2 hour after important DD which took shorts by surprise was posted on this board. MMs are still not playing fair, because before that 1/2 hour tradeless period, there were about 20 consecutive buys as the ask but it did not move up.
Then all trading stopped for half an hour.
I believe yesterday marked the first time MMs became afraid to naked short this stock, so instead of moving the ASK up, they just halted trading.
This post is conjecture, but until somebody comes up with a better reason for 0 shares traded middle of the day after NEWS came out about an acquisition for AERO, I'll continue to believe this analysis is correct.
