In my previous article detailing GoPro's (NASDAQ:GPRO) sustained short interest even after earnings I discussed how short interest should be and would be decreasing because of the lack of negative catalysts and the influx of positive news. Not covering your short position, I warned, would lead traders into an increasingly unprofitable situation. Since that time the next short interest report has been released and it shows a dramatic decrease in short interest levels. This isn't a small drop either as the numbers show there has been an over 30% decrease in shares sold short. However, it's important to note that the days to cover is the highest it has ever been in the time the company has traded publicly which now stands at 4.43 days. This means that the longer one waits to cover their short trade the more risky it will be. In fact this is probably the riskiest time to be short in the security due to the decreased levels and the increased days to cover. Read more