Panic buying ?!?! I don't know if this is a computer glitch or the shorties have panicked and are rushing to cover. But I am seeing crazy wild numbers in buying interest at large numbers of shares.
I have seen this weirdness before on the old DryShips stock where it went wild at some good news and being a heavily shorted stock the shorties ran for the exit in droves.
Remember as a stock rises, unlike us longs who can't lose more than we put in; shorties can lose more and more as the stock rises.
And if they don't cover they can be severely penalized by the exchanges and clearing ops - at least in the US!