Doesn't matter much really. This is being manipulated both ways. It'll come down to who has the most leverage. The new pumpers, or the original short holders / option sellers who are pushing down. IMO, the pumpers are going to get creamed; they've already made some, and are starting to fold. They'll bail soon enough.
But it's not a lost cause. Old shorts are possibly being replaced by new retail shorts. Retail ALWAYS loses. They are likely being set up to have their a$$ handed to them. $0.50 calls are done on May 20. Much of the incentive to hold below that is gone then. Likely to rise higher after that. At that point, the call sellers won 100%, they are no longer short, and the new shorts are screwed. And their long shares are worth more than the calls that just expired.
This outcome was already engineered a year ago when they started selling those options. They hold enough shares to control SP at will. The recent pump was just a minor annoyance. They weren't going to let it get above $.50.
I will qualify that. It would actually benefit them to let it go minutely above.50 on May 20. That way the options will be exercised. That is ALOT of new holders who will likely sell immediately and drive SP way down again, where the option sellers can repurchase at a discount.
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