@Swage_17 The graph is days to cover so it might look slightly different. It is Short%/AverageWeeklyVolume. This has to be read with buy/sell data and price obviously.
We've seen heightened volume in October/early-November, so while short % rose, days to cover wasn't elevated (as was the case in your graph).In recent weeks, Volume has dropped in the last few weeks (though still somewhat elevated). So while shorts have closed and are a bit lower (as the short % graph you have shows), volume (buying/selling pressure) is also lower, meaning shorts are in a similar place in terms of days to cover, and the risk of a squeeze.
If you look at April in the days to cover chart, that's what a short squeeze should look like as Volume rises, and Shorts have to close creating a sharp decline. Regarding delays, I guess we'll have to wait for next week.
All in all though, this also shows the risk of a squeeze remains elevated for shorts, but nowhere near Feb/March or even April despite the higher short %.
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