RE:Shorts are coveredWell, shorts are COVERING, not covered yet. Still 1.5m as of Monday.
And given how they've done while covering the last 2.1m shorts - the price has dropped 30% - I wouldn't hold my breath for any kind of relief while they finish covering.
I have no idea how such a big short position can be covered and at the same time drive the price down so drastically. Is it just as simple as spreading rumours?