Short interest data 12/15 to 12/31:
Short interest: 17,643,369
Avg Daily Vol : 701,061
Days to Cover: 25.1525
Only a little over 100,000 shorts covered in the last two weeks of Dec. This explains MNI's rush below 1.00 as there was no buying at all to prop the price up. Expect the next report to show significant covering as new millionaires cash in, sucking up the value that MNI has so foolishly squandered.
If I am interpreting correctly -- and I admit I might be missing something -- when there are few shorts being covered, MNI drops like a rock. That was the case the last week of December, when MNI's 52-week low of 62 cents a share was established. If you have more info, leave in comments.