They actually increased their short positions as of 1/13/12.
Now what we have of the 17.5m shares short, 9m were bought at about $10 or less. They are taking on water BIG time. As we inch closer to February and this stock begins to run we might have one of the greatest short squeezes in history.
I can't wait for this to play out. I was thinking $14 by earnings, but with that many needing to be bought back, it could drive it higher.