I don't think they would purchase at $3 unless it was profitable to do so. They could purchase shares at a slow pace in the market at a much lower price.
What baffles me (not really) is that the shorts are in a profitable position. So they are risking their profitable position, let's say their average is in the $6-$8 range overall. So they are risking $4.50-$6.50 to make $1.50. I am aware how hollow shorts are on the inside meaning they have little soul/moral fiber, but what I cannot fathom is that they would be so fool minded as to leave that profit on the table for a fraction more? Why not take your profit and find another target with a better risk/reward situation as there are literally thousands of better investments out there right now. Yet they persist here to gain an extra $1.50 or roughly $18 million ($1.50 X 12 million shares) on an estimated $54-$78 million profit. That is more crazy to me than being long at $1.50 plain and simple
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