It should be possible that they keep shorting more shares to try...

It should be possible that they keep shorting more shares to try and offset their losses if they have the bank balance to do so, but that would be very risky and could/would be leading to even larger losses.

If the share price continues going up instead of down, which it seems to be stabilising now with no big swing days lately, they will need to buy back those shares at the higher price in order to return them to the lender in time on the cover date. Currently the shorts have only 11 days left to cover and they should be sitting deep in the red.



Their losses should continue to increase as the share price rises. Also their borrowing costs should continue to be adding up over time and further eating into their profits or at the very least adding into their losses.