That's a major capitulation by the shorts. I like the indication of it all.
This is an incredible turn around of short interest. -57% or 4,772,700 shares covered since last report 2 weeks ago. Any pressure/news now might cause many more to cover.
Seems they are reading what we have been talking about regarding financials and the companies turn around probability.
Short Interest Ratio (Days To Cover) 6.3 Short Percent of Float 3.97 % Short % Increase / Decrease -57 % Short Interest (Shares Short) 3,597,300 Short Interest (Shares Short) - Prior 8,370,000