Jest, I wonder how many naked shorts are out there. That short report of 40ish million seems quite low in relation to 1.9 billion shares on a stock that was touted as being canceled. Goldman even recommended to sell short in 2008. I believe shorts were covering last year and I believe they gave been reshorting during the past 13 months. I also believe they are scrambling now to cover.
I have heard some say the actual short or air shares via naked is much nearer billion shares than 40 million. Pure speculation that I've heard but anything is possible with this stock as we know.
There's something funny going on with volume and pricing, I don't know what it is but I'm glad I'm on this side of it.