With the short interest they must keep it down to cover, it is not a demand issue it is a supply issue as there is not shares for them to cover. They must sell it down to cover it risk loosing big time.
Looking at L2 there is a lot of posturing going on to close of the short as the bid is starting to flip. Almost 2M on the bid with NITE at 1.2M at .0037, me thinks they need to cover
Major volume in first 45min already 3.3M. Wouldn't be surprised if it crashed to low .003's and then recovers. we will see what the short volume looks like at EOD but this has been the wildest morning in a while.
News 
Market Data 
Discover 
AI
