wow this is something. So the shorts know something that you don't know. Maybe they have uncovered some issue with financials.I always thoughts shorts had an hand with wholesaler behavior in March.
Well that could very well be true....if the old shorts(hedge funds) covered and new shorts came in. it could be a combination. But indeed somebody even at $7 price believes this is a good short and not covering. Maybe they indeed know something. With Raj being the ceo i wouldn't trust anything.
The shorts believe the down trend is just began...
My feeling is that the original shorts covered and new ones took their positions.
Other wise, if the original shorts are still holding this, they expect much more down side from here.