AMC hard to borrow rate

I came across some posts about AMC being hard to borrow and setting up to short squeeze. Well, I looked at the hard to borrow rate and found out that over a week ago it was at 130, 129, and now is at 103. So it's clearly high cost to borrow rate, but also coming down. Ironically people fail to mention that little detail. So is this a good indicator for a squeeze to maybe $6-8? Or just misplaced optimism from people who didn't sell during the 2020 squeeze.