In May, the S&P 500 information technology sector experienced a slight decline in short interest compared to April, despite a 17% increase in the sector so far this year. The average short interest across S&P 500 information technology stocks decreased to 1.42% of shares float in May from 1.56% in April. However, this decrease was not enough to halt the growth of the broader market’s rise by 14%.
Among information technology stocks, Enphase Energy (ENPH) remained the most shorted stock in May, with 13.44 million shares sold short, equivalent to 10.25% of shares float. Western Digital (WDC) followed closely behind with 7.56% short interest, Super Micro Computer (NASDAQ:SMCI) with 7.26%, and On Semiconductor (ON) with 5.67%. TE Connectivity (TEL) had the least short interest at just 0.65% of shares float, followed by Apple (NASDAQ:AAPL) and Trimble (TRMB) both at 0.74%.
Industry analysis shows that Electronic Manufacturing Services, represented by Jabil (JBL), remained the most shorted industry within the information technology sector in May, with an unchanged percentage of short interest at
