That's significant because it's not a loss for the day. As long as buyers can run the clock out, short sellers will have to cover to prevent the accumulation of the short selling lending fees. Right now at Fidelity, it's 13% annually to short, so if it looked like it was going stabilize and I was short, I'd close that position fast!
So would you be happy with 11 cents down? I know your frustrated with the overall price since Lymphoseek approval, believe me all longs are. They say the shorts are in control of the price. I'm not exactly sure of that as it comes down to more shares are being sold than being bought. Someone seems to have a lot of shares to get rid of (sell) regardless of any good news and keep the price down. The price to me is being nothing but MANIPULATED.