The short thesis does not play out till the 2012 audit. Anyone carrying a short balance before that is hoping for early realization, or think that the stock price will revalue before April 2013 (which means the short opportunity will no longer be available).
No one considers QIHU's laughable attempts to create news events to manipulate the stock price a catalyst.
I'd be interested in finding out more about the non-Citron, non-Berry, non-Qihoo players who are into spreading false statements about this company. Jefferies is at the top of the list.