"There are sellers as evidenced by the 'above average' volume. How could this be construed otherwise?
I agree, and this surge in volume, in the big picture, starts in July after the stock had peaked at $11.47. It's at that point that the chart becomes messy and begins to convey little or no information.
Feels like in the last couple of days the shorts having been hitting the stock harder with large quantities of shares rather than just strategic selling now and then in small amounts. Go figure.