Robinhood would not put themselves in such a precarious position if they had already exited - also as for the price target of when they actually do start covering their shorts, they are still currently short more than the available amount of shares on the market - the current trading range of around 200-300 cannot be the squeeze.
You’re misunderstanding what a short squeeze means. There’s no singular “the squeeze” - no specific point in time where everyone who holds a short position has to simultaneously obtain the underlying stock. If everyone who wants out of their short position has gotten out, there’s no guarantee that any further squeeze will be forthcoming.
I don't think you understand - the assumption that they already got out doesn't hold because shorted shares/float data is publicly accessible[1]. Now I'm sure what happened today allowed them to cover some of their losses partially, but not even close to all of it.
