Once shorts decide that BRLI won't go lower, they will start covering their large short positions.
Announcing 10% growth for 2014 seems in line with expectations. Today's announcement was nothing new. Concerns about Medicare uncertainty have been there. But the reaction is a bit overblown. PE and PEG indicate attractive entry points. Medicare won't go away.
Trailing P/E (ttm, intraday): 17.78
Forward P/E (fye Oct 31, 2014)1: 14.62
PEG Ratio (5 yr expected)1: 1.16