Shorts Protecting Their Position. Throwing Shares On The Ask Trying To Weaken The Stock. They're On The Ropes
No doubt about it, the shorts are on the rope here. If this breaks higher into the close, they're in deep trouble. They'll try to protect their position into the close. I'm somewhat surprised this isn't well above 3.20 by now given the buying interest after lunch. It shows the shorts are making a stand. This could be very painful for them given the very small float.