According to @KobeissiLetter, the median Russell 2000 stock has short interest of 5.5% of market cap, the highest among major indices. According to @KobeissiLetter, this exceeds the 2.5% for Nasdaq-100 stocks and 2.4% for S&P 500 stocks, with the S&P 500 figure at a seven-year high. According to @KobeissiLetter, short exposure in the median S&P 500 stock has risen by 1.0 percentage point over the last three years compared with a 30-year long-term average of 1.9%. According to @KobeissiLetter, short interest in the Information Technology and Commercial Services sectors stands at 2.4% and 2.0%, both below historical norms, while investors are betting heavily against small-cap and defensive sectors.