I agree with your comments regarding the focus/actions of the shorters.
Data points worth calling out. 40.2% of shares traded over the last 30 days was for short trading. The last 4 trading days this number has been 52% On 6 March there was 61M shares short for 15.7%. By the 8 March that increased to 72M shares short for 17.6% The highest number shorted was 18.4% on 24 Aug 2018. (Pervious 12 months) The lowest number shorted was 13.8% on 12 Sept 2018. (Pervious 12 months) Top 20 shareholders hold 55% of the company. This informs how far they'll attack the stock
Shortman chart below.
GXY Price at posting:
$2.02 Sentiment: Buy Disclosure: Held