Yes of course, but it depends on how much margin was used and how recent the short was made i.e. you pay no interest on a short sale as long as the stock remains below the price you shorted it for...
Based on volume though. I reckon a lot of new short-sellers have gotten sucked in below 20c. If it moves up a few cents and beyond 20c they're stuffed.
Anyone notice by the way that zinc overtook lead today. It hasn't been priced higher than lead in 6 months.
KZL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held