Short interest in Sphere Entertainment surged to the highest level in the communications services sector as of late June.
Sphere Entertainment (SPHR) holds the highest short interest among communications services stocks, reaching 25.94% as of the end of June. The figure reflects heightened bearish sentiment toward media equities within the sector.
AST SpaceMobile (ASTS) ranks second with a 20.92% short interest, while Alphabet (GOOGL) exhibits the lowest exposure. The data underscores a broader trend of elevated short positions in media-related stocks compared to other segments in the sector.
No immediate market reaction was reported following the release of the short interest figures.