Mingy, while I do agree with your number to be closer to reality and truth than the rest, I still have the feeling, that all the trading since we are in Gray could lead into the direction of absorbing these overhang. See my remark as well here:
SHORT 1.7 TO 1.8 BILLION? By all reality: If we take the traded volume in the Gray since we are there, I get a figure of approx. 1,7 Billion. Looks to me, that Mingy is rather right with his assumption, however it would then point as well into the direction, that we are closer to a balanced stock situation than not. By the way, the SEC report in relation to NSS is not accurate, this we all know. You can do roll-over shorts, so they are never reported. How it works: A sell 100 Mio shs. short. The day before A would have to report, he is buying them back, balanced by the same sale of B with another entity and so on. This is exactly the proplem, why NSS are so hard to track and get and this is way, so many companies under attack complain.