Guys,

One thing to keep in mind with this massive amount of shorts is that it was taken on April 30th. On April 30th we hit out low and began the bounce the next day (May 1st). Therefore I think the big run up we had from the low of 1.41 was shorts covering. Once they covered we all of a sudden had low volume.

Thoughts? We went from 2.4 mil, to 1.9 to 0.9 volume on the venture in the subsequent 3 days after 5.0 the day we hit our low.