short squeeze

MCW is only trading around 5m per day over the last 6 days, yet according to the asx shorts report there are over 4m fresh new shorts.

I find this surprising due to the lack of large crossings as visible on many other REITS.

The shorters must be pretty sure bad news is coming or there is a distressed seller that has yet to start dumping, or they are going to have a hard time covering these if people start buying.

Thoughts?