The short interest is due to convertible arbitrage and will never be repurchased in the common equity market.
that is your opinion, yet you state it as though it were a fact. even if it is true, that would remove that supply of stock overhanging the market, and that is also bullish for the stock.
but i invite you to prove your assertion. provide us with detailed lists of all of the investors who own the convertibles, and also the investors who are short silver standard so that we can compare them, and make sure that is the case.