Microsoft's Ten-Year-High Short Interest and the Positioning Break in AI

Podcast: Risk and Return with Charlie Gasparino and Bob Sloan · S3 Partners

Opublikowano: 2026-07-23

Microsoft is down 19% on the year while Alphabet is up 11% and Amazon is up 7% — big CapEx bets, different outcomes. Bob Sloan takes Charlie Gasparino through what S3's data shows underneath it: short interest up 68% to a ten-year high, and active hedge fund longs heading for the exits at the same time. Both sides of hedge fund positioning, one direction: Sell Microsoft. Bob explains why. In the neo-clouds, Bob explains why a 50-60% jump in short interest overstates the bearishness — much of the sector's financing runs through convertible debt, and convert arb desks short the stock to hedg...