Yes, it is bothersome. To see that this stock is shorted anywhere from 50-70% of its traded volume. But as you say, what if one day it takes off, there will be a lot of jaws dropped.
Granted there is not a high volume of shares traded daily. But I also firmly believe that the reason that we haven't seen this go back to sub-penny as a result of all the shorting is because there are plenty of folks that are holding on to what they have.
Just need a few more really serious investors to buy then hold.