Looking at that chart, the majority of the shorts (15m shares) were entered into below $4 per share.
Seeing that makes a lot more sense as to why the shorting has continued as the share price has risen.
It's likely we'll see the short positioned maintained until the next quarterly, where it's looking possible that the set targets for the quarter may not have met. This may result in a lower share price and a chance for the shorts to be unwound.
Let's hope I'm proven wrong!
ORE Price at posting:
$4.02 Sentiment: Buy Disclosure: Held
