Short intrest on paper is the only reason we are here. Otherwise there would be no squeeze.The bottom line is that short interest looks great on paper but it’s just another metric.
Again it’s cause and effect.And not one I personally hold at that high of a value because it ultimately doesn’t mandate anything. What matters at the time is the price and chart. It can be 75% tomorrow and what happens? Or it could be 12% what happens?
The price action is directly correlated to short interest.
Even if you only care about the price short interest gives you the “why” for what you are seeing.