In March, there was an increase in short bets on the information technology sector, which accounts for the highest weightage on the S&P 500. The average short interest across S&P 500 information technology stocks was 1.42% at the end of March. The sector has seen a 7% year-to-date increase, compared to a 9% gain of the broader S&P 500.
Industry Analysis shows that Electronic Manufacturing Services, consisting only of Jabil (JBL), was the most shorted industry within the information technology sector with 4.18% short interest as of end-March, down from 3.94% during end-February. IT Services was the second most shorted industry within the sector with 2.28% short interest as of March 31, compared to 2.08% at February-end. Technology Hardware, Storage & Peripherals was the least shorted industry in the sector with 1.02% short interest as of March 31.
The top five most shorted information technology stocks are Enphase Energy (ENPH) with