Hard to say. Have shorts covered or have they actually increased last week with the run-up. They play the odds and were probably selling just like Jack the bear. The odds are that runups are not sustainable but this one could last a while. So I expect the short will increase.
But regardless I do agree that ultimately the direction of the stock will be determined by the success of the company. And I think what we are seeing more clearly than at any time during POET's history is good indications that a path for high volume commercial production is being prepared.