Seems shares on loan have now dropped to under 3 million suggesting that shorts will be reported lower in the next short report as well. It's very disappointing to see shareholders letting the shorts off the hook so easily. It appears the month end trades in June was some covering. Keep in mind that new shorts tend to be reported on time while reporting short covering is almost always slower and not in as timely a manner making it more difficult to draw immediate conclusions on the downside.