It's recovered because they're thinking someone's going to try and take it private with a buyout offer. Good luck to that one. Maybe at 75 cents a share.
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Broad market rally and short sellers
Not sure why it recovered as much as it has the last few weeks after that pitiful earnings call a few weeks ago. No positive changes have happened within the company. Sr Executive leadership is still grasping at straws for a way to turn things around and now they are running damage control on the latest genius activity Sr leadership has engaged in.