"Based on entry points, I am sure most shorts would have no problem with a runup (very unlikely) to $9, or even $12. The current price is just icing on the cake. No need to cover until at least the end of March"
Sorry, I don't buy that. That's like the gambler who says, "I can't lose now, I'm playing with casino's money"! WRONG! Once it's your money its just that, YOUR MONEY! To continue to short at this point you must ask yourself, honestly, "If I was able to Short this at the current price would I" or would I say, "Too late to Short, the price has already fallen".