Make them pay!, page-116

CVN's recovery was lagging the others like BPT, STO and WPL and has now caught up. I wouldn't read too much into it. I do think some of the shorts are covering however the short volumes won't be massive (estimated only around max. 40 million short shares remaining uncovered). Also, I would not put too much stock in the market depth only 2 million shares offered, 15 million bid etc. This market depth, whilst an indication, doesn't mean much since it can change very quickly - big buyers and sellers don't show their hands and only dribble in the buys and sell orders, so market depth is not a reliable indicator of where the market is really at.

Having said all this, I hope that CVN keeps rising - IMO it's still very undervalued and as things normalise I expect that it will gradually recover further.