Shorts need more volume to cover, a lot of the the daily volume is new long. When the shorts start covering the stock would double just on their demand. Institutional longs are making money with both hands by lending stock to the shorts and then when the stock realizes its potential.
Oh, OK, no deal, but now it's a value stock? Are you familiar with the definition of value? Hint: IDCC does not qualify. This is a high multiple go go stock that is go going down for the forseeable future.