I don't think shorting has ever made any sense with RVX....well, certainly not in the 3 years I've been invested, maybe back when the PPS was north of $20 or even $10....okay. But with the numbers that have been borrowed here....even 200K short doesn't offer a lot of upside given the margin requirements and risk associated.
If there are players with an inside track who are using short selling though to shake the tree (as the saying goes) then that makes sense imo. Anyone going short...50K, 100 or 200K, they obviously have deep pockets, but I'm thinking they have to have a very high degree of confidence that they're not going to be blind sided by some major news....
Best case scenario imo is that we see shorts pretty much cover off all the shares borrowed....I like the chances that such covering could be the harbinger of a big run.