It is quite possible that is a contributing factor, sure. The good news is that the share price is not churning, indicating that there are fewer dumpers at these levels. That will start putting even more pressure on the shorts to cover as they see their profit quickly slipping away. Buying back 30% of the float is a nightmare scenario for the shorts if management is agressive in their buying.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.