A: It is important to the extent that it conveys some useful information about what some of the professionals think, and also alerts you to the fact that you may need to be patient with your position.

For a medium to long term investor, it probably doesn’t mean that much.

Short sellers often get things spectacularly wrong, but on the whole, they probably get more right than wrong. Two things that you don’t know are their investment time frame, and what they are short against. Sometimes, they might be short one stock, and long a similar stock – as a play between two companies on a spread basis. Other times, they are just short a particular stock.

Bottom line – information to consider, but not the final arbiter in terms of stock selection/portfolio construction.