Short interest in this stock is a meaningless statistic. Many of the reported shorts are just a result of "fails" and not outright shorting of the security.
I agree that Provectus' short interest is not too meaningful at this point. When I first wrote about short interest, here, I noted that short interest is useful to know, as long investors typically like to know if there is a large short interest (or negative investor sentiment) lined up against them.
I stil do not think management or shareholders need worry about short interest for the time being. Concern and awareness will be greater when the stock lists on the NASDAQ.
PVCT short interest as a percent of float is around 0.6%. To compare: