Yes, and in spite of that huge short covering SKUL is DOWN around 36% during the time periods in the SI report (thru Dec 15). Not sure if that is the right formula for a quick recovery. I'd rather have seen an even larger short interest to account for the selling. Basically shows that enormous "natural" selling is responsible for the collapse in the stock price. The shorts were right about this, and if anything, covered too early.
EDIT: At current levels and based upon the big decline today, its technically way oversold and could bounce up from the 6.00 - 6.50 level over the next week or two as it gets closer to reporting earnings. Not sure I'd want to be heavily long (or short) going into this report.
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