5 million shares traded today, at least a good portion of shorts might have gotten out yesterday in the after hours trade, that's why it shot up to 3.6 because they want out taking small loses before they get caught in a busy day market.
I doubt we see short squeeze here but the stock price can get new valuation when a deal is signed either with Seroquel XR or Rexista and its filing. We keep talking about IPCI cash issue that they need more money this time of the year.
I still believe a deal is in the making which should solve their cash issue very soon.
News 
Market Data 
Discover 
