In March, the information technology sector on the S&P 500 saw a rise in short bets compared to the end of February. The average short interest across S&P 500 information technology stocks was 1.42% at the end of March. Despite this increase, the S&P 500’s information technology sector has still seen a 7% year-to-date increase, compared to a 9% gain of the broader S&P 500.
Among the most and least shorted stocks in this sector, Enphase Energy (NASDAQ:ENPH) was the most shorted information technology stock with 10.19M shares sold short as of March 31, representing 7.82% of the shares float. Super Micro Computer (NASDAQ:SMCI) was the second-most shorted stock at 6.22% of shares float, followed by Akamai Technologies (AKAM) with a short interest of 5.38%. On the other hand, Apple (NASDAQ:AAPL) was the least shorted stock with only 108.78M shares sold short, representing just 0.70% of the shares float, followed by Microsoft (MSFT) and Oracle (ORCL) with short interests of only slightly higher percentages at respectively 0.76% and
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