Shorts and stock price manipulation........Some of the big shorts playing the stock (the ones with deep pockets and big balls) are having a riot there days manipulating the stock. And the floor traders are more than happy to play along making a few cents for themselves each day.
For the big shorts, what better way to eventually cover their positions than to use the prevalent fear & greed factor surrounding the shares in the near term. Over a period of a few days and once their profit spread has been realized, they just buy back to cover and, it's worked very well so far. They simply sell deeper and further, while they cover their previous short sale price.
I had stopped accumulating earlier at about $1.70 and so, we get another shot at buying more shares on the cheap.