I'm not saying they are right or wrong, but with the stock price holding solid (and over 6M shares having traded over $5.50 in consolidation since mid-June) the stock is posed for a "pop" upwards before earnings on some pr (be it the next big box retailer or Appspace or whatever). That might be the final "hurrah" of a move upward, but it will make those that hold the 800K shares short nervous. Could be interesting to see if they panic :0)
This is very good news. I hope shares short continue to increase in the coming weeks. Will be very interesting to see how long it takes Melville to get something big done on the cellular store front. If/when that happens, this will get a big pop and the shorts will get torched.
All in all the only thing that matters is August 14th and then we look forward to November 13th.