In a few days we'll see how that # matches up with the numbers I get from stockwatch...it represents a signficant jump obviously.  Of course its still barely over 1% of the outstanding share count, but imo it would go a long way toward explaining the increased trading of late.  We've now had 17 consecutive trading days with volume over 100K by my count.

https://shortdata.ca/?c=resverlogix-corp.-short-sales&sym=RVX.TO

I see ony two possibities, and both were covered in the post I just did on short selling and delivery failures.  

1. Short sellers are confident of bad news
2. The short selling is an effort to shake the tree, looking to cover at a profit and adding to a long position

If its #2 and we get good news on the SSRA (or any other postive news for that matter) then I see  definite potential for those behind the short selling to be facing a squeeze type situation.  That would mean the choices would be to cover at a loss, or commit more money to margin accounts to prevent forced covering.

If its #1...and we get hit with bad news, then look out below imo.