Short interest is often seen as a poor indicator for future price performance because it can represent conflicting signals. One one hand, its backward-looking as the stocks with the weakest operating and financial results typically decline against the market attracting further speculative selling action thereby displaying high short interest. On the other, it can be forward-looking if the short interest is growing (or falling) in contrast to the recent positive (or negative) price action of the stock. This latter scenario is interesting to me as it could signal that the move in the price action