MattySimone - I agree, its obvious that not all of the short sale volume covered today. Even assuming there were no regular buy and sells, just all shorting and covering, even in that scenario the buy to cover volume was less than the total short sale volume, so logic dictates that there were indeed shorts still remaining by the end of the day. I thought I read in a post somewhere that someone had seen that the buying versus the selling (though often I cringe at this kind of "analysis") was about 4:1 which would mean that 80% or greater of the volume on a per trade basis (per capita) today was accumulation but there were one or a few participants heavily shorting on some smaller number of trades throughout the day. If we consider about 20 short trades then a few (4 to 5 participants) are probably putting in about 1M to 2M share shorts several times during the day. My guess is each is gambling about $10,000 that in the next few days the stock moves back down to .0015 level where I imagine they would cover for a quick flip, however it is highly risky.

GLTY

$RFMK!