The long / short report March 2026

The long / short report provides a geographic analysis of the long/short market by sector, using S&P Global Market Intelligence's securities finance short interest data.

Highlights from the March report include:

Global Equities

The average short interest across US equities climbed to 87bps during the month with Utilities becoming the most shorted sector.  Increases in short interest were seen across Energy (+11bps), Commercial and Professional services (+6bps) and Transport(+6bps) whilst the largest decreases were seen across Consumer Durables (8bps) and Capital Goods (-8bps).

US Equities

The average short interest across US equities climbed to 87bps during the month with Utilities becoming the most shorted sector.  Increases in short interest were seen across Energy (+11bps), Commercial and Professional services (+6bps) and Transport(+6bps) whilst the largest decreases were seen across Consumer Durables (-8bps) and Capital goods(-8bps).

APAC Equities

The average short interest across APAC equities increased to 76 basis points over the month.  Increases in short interest were seen across Energy (+12bps), Capital Goods (+11bps) and Commercial and Professional Services (+8bps).  The largest decreases were seen across Insurance (-31bps), Transport (-17bps) and Household and Personal Products (-6bps).

EMEA Equities

Average short interest across EMEA equities increased to 20 basis points during the month, the highest level seen for over a year.  The largest increases were seen in Commercial and Professional Services (+6bps), Real Estate (+4bps) and Energy (+3bps).  Small decreases were observed in Transport (-3bps), Food and Beverage (-1bps) and Household and Personal Products (-1bps).

Fixed Income

Utilization increased by 78bps across the government bond markets and by 32bps across corporate bonds.

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