Per nasdaq.com, MNKD's short interest rose from 34.903 M shares to 37.965 M shares, or 8.8%, between 2-28-23 and 3-15-23. During the same period, MNKD's price fell from $5.28 to $4.09, or 22.5%. So, instead of covering their short interest, the MNKD shorts were raising their short interest as MNKD's price was falling. This appears to be pretty gutsy, given MNKD's fundamentals (i.e. future revenue estimates). I can't wait to see what specific instis were also reducing their MNKD share ownership in the first quarter, 2023 (available in mid-May), to see if they were working in concert with the MNKD shorts to bring MNKD's price down, but probably at a nice profit. JMHO.
P.S. MNKD's short interest on 12-30-22 was 29.270 M shares, at $5.27.
So, it is now up 29.7% in 2023, after going up 51.8% in 2022. FYI.