I think I do agree with you MarcS, and that is one
Post# of 148192
Thus, the massive number of shares that are presently loaned out, over 3 million, may or may not have been sold/shorted yet. and so may or may not have done their damage, by causing the sp to decline. This is getting a little complicated.
Data is that on Friday, just over 2 million shares were shorted, but over 3 million are presently loaned out/borrowed, so maybe only 1 milion shares presently borrowed, have not been shorted/sold yet and could be, or probably will be shorted/sold on Monday. Not sure about all this.
And there have been some explanations that "short interest" is different than "shares shorted". Maybe "short interest" is the total of shares borrowed, but all those borrowed shares can either been already sold/shorted or, being held, to be sold/shorted at some later time.