How important is open interest when it comes to analyzing future price movement of the underlying stock? For instance, take CCRT. The P/C open interest is almost 2.5/1 and the stock has apparently made a bottom and is heading higher. OTOH, take a stock like MCO with a P/C open interest ratio of almost 2.5/1 but it is still in a downtrend and has not started heading to the upside. Does a high open interest P/C ratio signal pessimism on a stock and could this be bullish once a stock makes a bottom and turns up? IOW, despite the upward momentum for CCRT, there is still bearish sentiment which could fuel further upside?