In my opinion only, this stock comes out with earnings. It is trading close to a 52 week high. Once it breaks through that resistance of 3.00, this thing should fly. I do not think they will continue shorting the stock because it has such a low share count and float. Earnings come out in less than 10 days. Most likely they will start to cover. They will pay a lot later if they do not cover. You will have one heck of a short squeeze.
Earnings come out May 1.
One heck of a short squeeze? While si has nudged up a bit recently, it is still near multi year lows. And the company, while in the midst of a share buyback, does not have a particularly low share count for a $600 million market cap co. It's still well over 200 million.
I do agree that Vonage should break $3.00 resistance soon. Just not for the reasons you listed.