shorts do cover- the market makers I know cover 90% of the time on capitulations
when they sell options, they cover too when they are way out of the money at a nickle because there could always be the chance that it reverses. Shorts made a mint here, and the profit is not locked in until they cover and since they are charged a lot of money when they short shares, there is a point at which the pps warrants covering. Booking the profit. And stop the interest paid on shorting.
Dead cat bounce coming.
I think some people have mentioned the lows of yesterdays after-hours at 62 cents... being the top wave higher, I think the range will be 48 to 54 cents.