I wouldn’t discount the possibility that shorters still there...

I wouldn’t discount the possibility that shorters still there after the merge have simply got it wrong. I was reading an article yesterday reviewing the performance of a number of hedge funds that make a large portion of their profit from shorting. Their performance this past year was very poor to say the least, many with returns of less than 1%. The ADN shorting of late to me seems largely directed to keeping a lid on the share price which with relatively low volume is not too difficult. They may simply be hoping for a Hail Mary that (let’s hope) doesn’t happen.