There will be no scary “covering”, the claim short covering will raise the price of the stock or to explain why the stock is dropping in price is just playing on investors non-understanding on the shorting issue to make them believe that something is happening that is in fact NOT.
You are probably right that there is no longer any money to be made by those who naked short SPRV. SPRV is now considered risky to them since they know SPRV is legit company and will not go BK. The money there, those who own real shares will benefit when NSS folks have to cover..