Usually NASDAQ stocks are counted twice.
With 10 million trading on Russell day, it could have been 4.3 million that were short. Add that to the 4 million that were already short and you get 8.3 million, which is just about right.
They are going to have to cover at some point in time.
I like where we are sitting going into Q2 results, the Lake Tahoe conference the first week in August, and the Trusted Computing Conference in mid September.
The possible 2-3 major accounts that could come on line in the next 30 days, and you could see a perfect storm.