False. It's not more shorted that it had been previously (as of 9/30/13, the short interest was the second lowest it's been since June) . The days-to-cover ratio only increased to 9.244 because of the substantial decrease in volume (as of 9/30/13, the lowest volume since July and the second lowest volume since at least October 15, 2012). Therefore, not only will there not be a short squeeze any time soon but the lack of volume should be extremely concerning to you as it indicates that nobody wants to buy the stock. All my information came from Nasdaq's website.
DISCLOSURE: I do not have a position in CTL and do not intend to take a position in the near future. I simply check up on this stock from time to time as I held it for quite a while and sold back in the $37.00's.