That would be the most logical thing in my opinion. I don't believe there is anyway to know for sure until the next short report possibly? I would assume it would go down to confirm, but I don't know how to tell because there could be more shorting going on as we speak.
Noticed at 830am the sell into the bids sure seemed to try and sell it down. But then at 1200 it almost looks as the same volume retook a position when the price stabilized and started the climb.