Interesting that they remain so high. They are likely betting...

Interesting that they remain so high. They are likely betting that the company can't make $$$ and generate cash. While January cash update won't be great (reflects Q4 challenges) if the company can state they are nearing cash flow positive the stock should move much higher. 

There clearly aren't many natural sellers left in the market. There will be fewer when the company goes cash flow positive. Two questions:

1) With 17% of the float shorted how will they cover? 

2) Who are their risk managers? The plant is built and production is ramping up. The total value of the company is less than $400 million USD. They don;t have any debt. The plant and the reserves are easily worth $400 to the Chinese. Exactly how much do you expect to make on a short from here? 30% drop vs 100% increase? Risk reward might be even worse than 3x1.