No to the short covering, there are no significant shorts in the stock. For the last 10 days its been locked into a trading zone. Study the buy-initiated trades vs. the sell-initiated trades -- it's my opinion it's being actively "helped" to stay in this range. Why would anyone be buying at the ask when the PPS constantly visits .0008 / .0009 right now?
While all this bitchin' and moanin' about where KOMA is or isn't is going on, if you're trading this pig right now you're making decent cash the past few days. And it's not only BW or BBDA or JSJ doing the "dumping" as is so popularly expressed post after post, if you catch the drift.
Do I really have to tell you these are my opinions and that you should do your own DD? You're not gonna' listen anyway ...