Macquarie Bank goes substantial in Kingsgate with 9%, does this mean a short squeeze is about to begin

Macquarie Bank goes substantial in Kingsgate with 9%, does this mean a short squeeze is about to begin? stock has been drilled in the last 12 months and has characteristics of not so much a falling knife as a falling javelin! One of the most highly shorted stocks on the ASX200 (14% short interest), soon to exit the 200 so selling of passive index players also exacerbating its fall, Internal sellers in Ross Smyth Kirk, it's always darkest before the dawn and for Kingsgate its currently pitch pitch black