StrangelogicFollowing information adds to your comments above....

Strangelogic
Following information adds to your comments above. Click on the graphics to read.

I included the 2nd graphic to show how the shorts cycle when selling. I had a look at the 3, 5, 10 ,20, 30 and 50 day average % short sold when the shorts are in control. The results are for 1st September 2023 to 9th of November 2023 and were not cherry picked except to say the shorts were in control.

The results are surprising.
20% to 24% of daily ASX volume short sold on ASX and CHI X for 50 day average,
Same for 30 day average and
19% to 24% for 20 day average,
18% to 30% for 10 day average
12% to 35% for 5 day average
12% to 41% for 3 day average.

So it appears the sweet sport is probably about 22% when your seliing short and want to maximise your average selling price and not push it down too quick.

On the last short squeeze starting 9th June 2022 the shorts returned around 25% per day at the start and then about the same for periods of returns of 10 days or longer. 20% a day may be around the magic % when you are buying back and don't want to push the price up too fast as you cover.

It is not an exact science but the analysis gives you a feel for what is going on.