From Investopedia, thought it might help those who are trying to understand what is going on. Thank you for sharing the details Dischino

"The risk of short covering, i.e. whether or not the stock will be subject to a short squeeze, can be gauged by a stock’s short interest and its short interest ratio (SIR). Short interest refers to the number of shares sold short as a percentage of total shares outstanding, while short interest ratio is computed as total shares sold short divided by the stock’s average daily trading volume.

The higher the short interest and SIR, the greater the risk that short covering may occur in a disorderly fashion. For example, consider a stock with 50 million shares outstanding, 10 million shares sold short and average daily trading volume of 1 million shares. This stock has a short interest of 20% and a SIR of 10, both of which are quite high, suggesting that short covering could be difficult.

Short covering is generally responsible for the initial stages of a rally after a prolonged bear market or a protracted decline in a stock. Short sellers usually have a shorter trading horizon than investors with long positions. This is due to the risk of runaway losses on a short squeeze, so they are quick to cover their short positions on any signs of a turnaround in market sentiment or a stock’s fortunes."

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