With over 6,894,000 shares short it this would take 2 - 3 days to cover this position given the average daily volume. Also, the stock is breaking new 52 week highs weekly if not daily, so we strongly feel that the shorts will throw in the towel and continue to cover on BWNG as the stock breaks into higher ground.
Is would not unreasonable to see BWNG at $17.00 - $20.00 level soon if this occurs.
