I bet the price pressure has more to do with weak handed over invested Longs then it does Shorts. The short attacks are easy to recognize, like when we hit $10 and they dropped in to nearly $5 in minutes. What i am watching is basic selling following the CC of those who were expecting an (or multiple) EUA’s and were left with no near term Catalyst that they believe will propel us back over $4.
Many however will undoubtedly chase the price action on the next promising PR the company puts out. Not sure why though as it makes much more sense to hold and add on drops of this nature.