Who cares what the shorts want, (unless you are a shorter) part of the buy-back strategy is to undermine the shorting activity?
At the moment, apparently the shorts are desperate to buy back shares to get themselves out of trouble.
Galaxy don’t have to buy a lot of shares, just when the price is down, sell them back later when/if the price rises, if desired.
As far as any Galaxy consolidation goes, it appears to be happening all the time.
GXY Price at posting:
$2.13 Sentiment: Buy Disclosure: Held
