I don't think the market makers (which are mostly HFT bots these days) care one way or another about keeping the price above $2.
Besides, everybody knows that evil market makers only short the stocks they make a market in. At least that's what I hear from longs who like to blame every down tic of their stocks on a cabal of heartless market makers.
When does the institutional ownership get updated? It would be interesting to know who has bailed out.