Given the number of shares floating around, anything under 1 billion would be great news. Anything under 100 million would be jaw-dropping news. Anything under 50 million would be scary in its potential.
You can have a short squeeze with a short float less than the size of the real float. So what about here, where the short float is probably many many times the size of the real float?
The O/S doesn't have to be anywhere near 60 million for us to have a monumental squeeze.