Short interest in S&P 500 Technology stocks rise slightly in October
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Bets against the information technology sector, which holds the highest weightage on the S&P, rose slightly in October, with Super Micro Computer (SMCI) being the most shorted stock in the sector, and Teledyne Technologies (TDY) taking the spot for the least shorted.
Average short interest across S&P 500 information technology stocks was 1.72% of shares float in end-October, slightly up from 1.71% at the end of September.
The S&P 500’s information technology sector (NYSEARCA:XLK) is up nearly 22% so far this year, compared to the over 24% rise in the broader market.
Stocks with the largest and least short positions
Ranked by short interest as a percentage of shares float
Super Micro (SMCI) continued to be the most shorted stock in the information technology sector in October, with a short interest of 16.99%, followed by Enphase Energy (ENPH) at 12.17%, and Akamai Technologies (AKAM) at 6.13%.
Teledyne Technologies (TDY) was the least shorted stock in the sector, with 0.31 million shares sold short, or 0.68% of its share float, followed by Motorola Solutions (MSI) and Arista Networks (ANET), with short interest of 0.81% and 0.87% respectively.
Industry Analysis
Average short interest as a percentage of floating shares
Electronic Manufacturing Services continued to be the most shorted industry within the information technology sector, with 2.85% short interest in October, down from 3.18% in September.
IT Services was the second most shorted industry with 2.31% short interest as of October 31st, compared to 2.29% at the end of September.
Electronic Equipment, Instruments & Components was the least shorted industry in the sector with a short interest of 1.18%.