You may be right and the chart may just start to turn, but the shorts sellers are not out of the picture yet, not by a long shot. Let's take a sit back and see attitude.(for now)
Hispeed- trust me when I tell you the higher short interest % is, the more excited the longs should be. Savvy short sellers avoid companies with high short interest like the plague. The reason for that is the company's stock price has been pushed down to the point where the upside of being short has been minimized. If positive news materializes combined with a higher % of short sellers, this would translate into more people forced to buy and cover regardless of stock price most likely pushing it above its intrinsic value.