Cooperative effects on squeezing in resonance fluorescence from a finite number N of atoms are examined. Analytical expressions for the spectrum of squeezing and a quantity Q(T) related to the photon-counting statistics of the squeezed states are presented for N=1 and 2. These expressions are obtained by invoking the high-field approximation of the relevant master equation. The analytical results are supplemented by the numerical solutions of the exact master equation for N\ensuremath{\le}10. It is shown that for intense fields or large detunings, squeezing in resonance fluorescence is predominantly due to the quantum nature of the sidebands of the Mollow triplet. As a manifestation of cooperative effects, squeezing present in the total as well as the sideband radiation increases with the number of atoms. This is further confirmed from the behavior of the photon-statistics function Q(T).