Short InterestShort interest declined 31,809 from 77,684 as of 16 February to 45,875 as of 1 March. This short covering is a continuation of the slow unwinding of short positions since December. Here is the short interest report in graphic and tabular form:
https://www.dailyfinance.com/company/baja-mining-corp/baj/tor/short-interest
Short interest had spiked in November after shorters saw a sharp run up in mid-September into the first week of October begin to falter. They jumped in to push the price down farther. Most of it was covered by mid-December. Since the remainder has been slowly been getting unwound.
The shorts are winding down because they are seeing less reason to hang around to squeeze out the last few pennies.
The unwinding of some of remaining short positions in the last two weeks of February did not cause an up tick in share price. The number is just to small in comparison to the over all trading volume to have an impact.
Here is the price charts:
https://stockcharts.com/freecharts/gallery.html?baj.to
The short covering serves as an indicator that the share price is bottoming.