Maybe it's a dollar thing more than a % short the float thing. It doesnt take much to short the float two or three times on G because the float is so small.
I guess there's really no way of knowing that answer for sure right now.
The MM's will start to cover their short positions when they feel the need too. This is a waiting game and it is something that takes patience. I understand that people want to realize 1000%'s over night, (trust me I wouldnt mind that), but thats not going to happen. The idea here is if we (the team) stay the course, these institutions will be forced to cover their short positions.