If the shares short are up in balance after the close on the 25th and the price of fran stays above the 200 ma we may be at 40 sooner than we think. Look at the 1 year trendline for the highs,it is due for a push a lot higher. Maybe the short covering will do it and some pr. We will see by next fri. after the close.
I also see Head and Shoulders Bottom, sometimes referred to as an Inverse Head and Shoulders, with Left Shoulder in the area of November 15, Head around December 12, and Right Shoulder at December 27, on the daily chart. The shorts can only delay but not prevent this stock from movimg higher, and like you, I believe we could see 40 sooner rather than later.