Even though volume is very light, you can still see decent blocks of 4m-10m shares being bought. The result will be a tighter noose for the squeeze to come. I'm guessing that the float is shrinking.
Don't get too excited, Ed. Always look at the comparisons. XOP, the oil and gas exploration index fund was up around 1.8% today. Our performance is not impressive today. We hover around 60 still. No real buying pressure. If we start to hover at 61, 62, 63, I will start to think there is some pressure on the shorts, but it is not happening yet.