Still some of those West coast shorts just waking up to the news. They are betting this stock is heavily traded and they can buy back. They need to do some homework here- shares extremely thin, conservative management, safe bank in a time like this. 13 million shorts - 900,000 shares average daily trade.
there are not that many ways out for those shorts here. the time will come when they realize they screw up. Volume is so low that they are setting the buy price. Look at how this stock can trade $35 and $27 in the same day.
shorts that are remaining are desparately figuring out what to do. They saw what happened last week. Repeat?