48% of the trades were 'short' and the stock is up ~6%?

48% of the trades were 'short' and the stock is up ~6%? Makes perfect sense.

FINRA Short Interest of IPIX

Settlement Date: 7/31/2017
Current Short: 1,206,257
Previous Short: 1,302,241
Change: -95,984 (-7.37%)
Average Daily Volume: 389,777
Days to Cover: 3.09

0.92% of the outstanding shares were short.

http://otce.finra.org/ESI

According to the SEC, only 941 shares (0.0007% of the OS) were failure-to-deliver as of July 17.

20170717|45782D100|IPIX|941|INNOVATION PHARMACEU|1.04

https://www.sec.gov/data/foiadocsfailsdatahtm