From a quick look for a good definition and for what is needed for a short squeeze:
Essentially, there are three conditions that must be fulfilled: The number of shares short should be greater than five times the average daily volume. The shares short as a percentage of the float should be greater than 10% The number of shares short should be increasing.
Condition 1: current shares short are 343. That's not even 1% of today's volume, so condition 1 is not met.
Condition 2: The Float is billions of shares, and the shares short are hundreds. Condition 2 is not met.
Condition 3: The short interest has decreased by 83%, so short interest is not increasing so condition 3 is not met.
While I don't think these are "official" requirements of a short squeeze, it says that the chances of a short squeeze here are so near zero that it isn't even worth raising the issue. Short volume appears to be something else, and not really related to short interest and a short squeeze.
So, Murphy's law seems really to be applying to the longs. What goes up must come down. And SPRV is going down. Yes, it's gone back up to $0.10 recently, so some have been able to make money or break even with their long positions, but Murphy's law seems to apply more to Longs here than Shorts. A word to the wise.
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