In February, the S&P 500’s information technology sector (NYSEARCA:XLK) experienced a slight increase in short bets compared to January. Despite this, the information technology sector saw a YTD gain of 9.2%, outperforming the broader S&P 500, which saw an 8.5% gain.
When looking at specific stocks within the information technology sector, Enphase Energy (NASDAQ:ENPH) held the title of the most shorted stock, with 6.96% of shares float being sold short as of February 29. First Solar (NASDAQ:FSLR) followed closely behind as the second-most shorted stock, with 5.85% of shares float being shorted. Other companies with significant short interest included Western Digital (NASDAQ:WDC) at 5.75% and Akamai Technologies (NASDAQ:AKAM) at 5.31%. On the other hand, Microsoft (NASDAQ:MSFT) was the least shorted stock with only 0.66% of shares float being sold short, followed by Apple (NASDAQ:AAPL) and Motorola Solutions (NYSE:MSI) with short interest of 0.72% and 0.74% respectively.
Within the information technology sector, IT Services emerged as the most shorted industry with 2.08% short interest as of February end
