Charts Charts Charts, page-11

so the shorts went hard to bring the price down from $7 to the lows around $5.40, with a cumulative volume of close to 26m shares traded hands between 26th march and 23rd of april.

since then its rallied back close to $6.9 (with the shorts slowing down) on 7.4m shares traded. to me (and obv my assessment could be wrong) it seems the vast majority of sellers on the way down were shorters and not genuine sellers. thus now that the vol of shorts is slowing down it has risen on much smaller volumes (suggesting the register is relatively tight).

i would be nervous if i was them at the moment. we shall wait and see!