Parma, up until a few weeks back it explained it perfectly. They shorted it all the way down to 63 cents and then we had a massive short covering rally. Just goes to show that shorts lose just as much as longs. 70 million plus shorts back then sent it to 1.37. Considering the average short sell price was 75 cents (approx) they got real hammered. Now there are few shorts left. They have moved on to coal stocks.
