We're going to see a few days of high volume rises here. $4.00+ by the end of the week.
Shorters have 3 million shares to cover. Days volume/2 is how many shares were traded that day. Looks like we might see about 1 million shares get bought today. That still leaves a significant amount of shares that still need to be bought by shorters. This should easily get pushed to $4.00 before it stabilizes.