According to The Kobeissi Letter, short interest on US stocks has surged to approximately 2.3%, marking the highest level since the 2020 pandemic. This represents a significant 20% increase in short interest as a percentage of shares outstanding over the past few weeks, indicating one of the fastest rises in at least a decade. Such a rapid increase in short interest could suggest a bearish sentiment among traders, potentially impacting trading strategies and market movements.

According to The Kobeissi Letter, short interest on US stocks has increased to approximately 2.3%, marking the highest level since the 2020 pandemic. Short interest as a percentage of shares outstanding has surged by about 20% over the past few weeks, representing one of the fastest increases in short interest in at least a decade. This trend could indicate growing bearish sentiment among traders, potentially impacting trading strategies in the near term.

According to Eric Balchunas, nearly 40% of $TLT shares are held short with trading volume in the 2-3 billion range, indicating a substantial build-up in short interest. This activity has paid off significantly for traders today. Eric Balchunas describes $TLT as the professional version of high-risk trading, as noted by Todd Sohn.