What it soes is explain the daily short numbers and why they don't add up to a higher % of th efloat.
There is dily shorting but there is also daily covering.
There have been any number of false rallies. The SP often rises on no news. That is because Wave SP is easily manipulated because the story is so compelling the need is so obviously great, the SP is so low and there are so many bashers and manipultaors to go with the number of longs and true believers.
Which is to say that thet story isn't over yet. Wave is till trading every day. Its sucess and / or demise is yet to be known for a fact. There are shorts and there are longs. Neither side has been declared the winner yet.
But there are those in the middle who manipulate for their own gain based not on fundamentals or technicals but on fear, uncertaintay and doubt, who are not necessarily traders or investors so much as fixers and angle players.