I believe, the short ratio went down by 10M shares including 3.2M volume after hours.
This was a huge selling/covering.......
As I said before, this was a huge selling/short covering and not shorting/big buying.
This was probably a profit taking by some fund who bought at an avg cost of 5 dollars or so.
I also tend to believe, there are probably none big holders left whose avg. cost is that low and the remaining holders, if held for this long are not going to sell for less.
Brings me to my conclusion: HOLD.
My avg. cost being 8.11.
How do you know this was huge selling/shorts covering?