I get why people freak out. Raised A/S is the CLOSEST thing to a raised O/S. They are 100% independent (as we have found out = ), but when the shorts (I guess longs too) cannot see O/S, referencing changes in A/S is best case analysis.
So, we know a raise in O/S is as good for shorts as reverse merges are for longs.
I'd get excited too if I were short. I'd do what they did. But I'm long, and I'm strong, and I'm going to be freaking rich.