The long / short report April 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 April report include:

Global Equities

Consumer Services maintained its position as the most shorted sector across global equities during the month followed by Commercial Services and Healthcare.  Increases in short interest were seen across the majority of sectors apart from Materials (-2bps), Energy (-6bps) and Automobiles (-1bps).  The largest increases were seen across Consumer Services (+7bps), Healthcare (+4bps) and Insurance (+4bps).

US Equities

The average short interest across US equities climbed to 92bps during the month with Transport becoming the most shorted sector.  Increases in short interest were seen across Transport (+33bps), Capital Goods (+9bps) and Media and Entertainment (+6bps) whilst the largest decreases were seen across Energy (-10bps) and Materials (-5bps).

APAC Equities

The average short interest across APAC equities decreased to 73 basis points over the month.  Increases in short interest were seen across Automobiles (+15bps), Capital Goods (+11bps) and Food and Beverage (+12bps).  The largest decreases were seen across Energy (-14bps), Utilities (-6bps) and Transport (-5bps).

EMEA Equities

Average short interest across EMEA equities increased to 21 basis points during the month, the highest level seen for over a year.  The largest increases were seen in Utilities (+5bps), Insurance (+4bps) and Transport (+4bps).  Small decreases were observed in Commercial Services (-3bps), Real Estate (-2bps) and Household and Personal Products (-1bps).

Fixed Income

Utilization increased by 151bps across the government bond markets and decreased by 18bps across corporate bonds.

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