When short interest rises but people keep buying

So obviously GME blew up the last couple of days. But it looks like short interest has also doubled in that time according to fintel.io (unless I'm reading it wrong).

Short interest, I assume, is going up so much because more people are jumping in on the shorts now that they see the price getting so high.

If more people are buying and more are also shorting, we'd expect an increase in volume. Volume does seem higher than it's been since 2021. So that tracks.

But does all this suggest the volatility will increase even more? I expect large bets going both ways would increase volatility?

Sorry if I'm a noob about certain aspects of stocks.