Short interest in median S&P 500 stock rises to 3.2% of market cap, highest since 2009

Short interest in the median S&P 500 stock is at 3.2% of market cap, the highest since 2009 and approaching the 2008 peak of ~3.8%. Among the most heavily shorted decile, short interest is 8.0% of market cap, an eight-year high. The data points to elevated bearish positioning across the index.