Melvin Capital claimed they exited all short positions, yet there weren’t any significant change in short %. By all accounts, they had huge percentage of shorts

Melvin Capital claimed they exited all short positions, yet there weren’t any significant change in short %. By all accounts, they had huge percentage of shorts, so them covering shorts should have dropped short % down below 100%. It sounded too much like a PR move to convince WSB that short squeeze was over. Would Melvin Capital lie about short positions to save $billions of dollars? Melvin Capital initially claimed their short losses were 30%, now they are claiming short losses over 50%. How are they still losing money on shorts?