Just because it hasn't happened yet, that doesn't mean it can't still happen.
Around 1.6 million was the number of shares that had been borrowed and dumped back into the market up to May 31st. Once we get the updated number for the period up to June 15th I'll have a better idea as to the potential going forward.
Has our recent climb been the result of short covering, or are their parties (or a party if its just one) been digging themselves in deeper by meeting buy side interest by going short more?