But the shorts should be closing their positions n

But the shorts should be closing their positions now when it is this low! But what was weird is when the news hit yesterday, even though it opened gap down, when people were trying to get out of their positions, the price was going up. 

My only concern is SEC intervention and on the other board, there is talk of no bid and going grey. What is going grey?

I also notice that the volatility is gone with this. Nowhere as wild trading as yesterday!