The only news that will squeeze the shorts is an actual buyout and they know it.
Here's the news that may be coming soon. We get good results from phase whatever from China...Ooh, aah for two minutes then sell the news. Submission of another application to East Bumble #$%$. Ooh, aah, for two minutes then sell the news. Partner announced. Ooh, aah for five minutes then sell the news. Finally after years of torment, a buyout is announced at some price. No big deal anymore know why?? The shorts covered years ago, went long with know one watching and made a fortune on the way out as well. No short squeeze, no big deal, no blockbuster. Just another 5 years out of your life waiting for a bio tech to grow up and be someone.