TrimTabs reporting that in the first half of May (May 1-15), short interest on the Russell 3,000 stocks dropped to 13.32 billion shares ($253 billion / 2.78% of market cap) from 13.62 billion shares ($260 billion / 2.88% of market cap) on April 30.
There was net short covering in eight of the ten major sectors with Financials and Information Technology receiving the largest short interest outflows of $2.9 billion and $2.0 billion, respectively. The only sectors with net short selling were Energy and Industrials, in which traders opened new short positions valued at $500 million and $169 million, respectively.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSXSQxTxOipsAONKZSYku9QTV_yZrPdUJqoM0j1ky6RD-COETGUwBQdCYRHN_C7WNDzdeoqD8h1UJtM_vvn5DkEk-FnPYAAKF-Jop4ffM_117Mi-s0tWUh6WVBcuEfpxEUnJKjd8s5eW8/s400/shortInterest-2009-05-15.png)