I do call the shorts 'smart money'....or conversely industry players, or big money interests. Given the margin requirements that come from shorting a stock trading under $5....well obviously we're not talking about financial pikers here.

While short interest was down to just 4,000 in February, its still over 70,000 as of the most recent update....to Oct. 15th of this year.

And it has NOT been straight down since going over 200K in April.....down to 144K then up to 168K, down to 152K then up to 162K....down to 73K up to 82K.....the overall direction is down, but its a yo-yo.

Is 70 odd thousand a big deal? If the PPS is gonna go to $3 or $4 before stalling.....no. But if the PPS flies to $10+....then yeah, 70,000+ short gets very costly.