well i think you are both correct in a sense. The main things are the reports really dont mean much as many of the shorts created are covered the same day.however,not all are covered, and mm's still short(they also naked short imo)thus creating more shorts on the report. whats unknown is how many of the shorts were covered. anyone watching L2 today could see short covering, ive never seen so many 5k buys in my life.
bottom line is the report really doesnt mean a whole lot.