Shorts have to be disappointed and concerned. There has not been a spike or dead cat bounce. Both are usually signs that a reversal downward is near.
Instead, the price has been flat to steady upward. Not the kind of action that supports the shorts arguments.
I should have said "disheartening action for sellsellshort" LOL
Yes, short day traders who bought in early got really hosed on this one. LOL. Expect a slow but steady upward grind on this one over the next few weeks.