Most assumed that "short coverage" would result in a rapid increase in the pps. The shorts here are too smart and are covering at these depressed levels. I believe the shorts to be exiting now...at their terms.
the shorts have to have someone willing to sell them shares to be able to cover. Who is that going to be new shorts, market makers or some one that just bought in? Most of the time you don't have true short covering without an increase in the price.