Joe, it's not that shorts WANT TO cover, it's that the buyers of those shares need their certs to be able to submit and have them converted to the new certs. The naked shorts would NEED TO cover to get out of the obligation to produce the old certs which they would not have.
If there really are naked shorts out there this is the way to flush them out. That's why the absence of major covering suggests that if there are naked shorts out there, they are few in number.
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