It's got to be obvious that the trading nor the current price really tell us where WMIH is going. There are owners of all the available share as well as those shorted.
Reiko - Conclusion: Regardless how the stock trades - it will be perceived as "somebody knows something".
Correct conclusion - Regardless how the stock trades in the near term - eventually (sometime described as "soon") a significant increase will payoff those holding WMIH.