Not true...the short position only increased since then. The shorts volume stood at over 4 mil shares at the point of delisting and only in reas d since then based on that short report Marilynst posted. Now...go look at the volume Friday. Even if it was only shorts covering, which is not a remote possibility, you wouldn't even come close to the volume needed for them all to cover.
The move was based on the charts....and helped by the company's announcement of store closings that spurred on buying + covering.
Look at my post here the day before the news and you will see the first white candle accompanied by volume confirming the bottom.
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