Sphere Entertainment, Telesat top communications services stocks in short interest; Alphabet sees the lowest exposure

The article reports that media stocks within the communications services sector (ETF XLC) were the most heavily shorted as of end-March, highlighting Sphere Entertainment (short interest 26.95%) and Telesat (25.09%) as the top two names. High short interest signals elevated bearish positioning and potential downside pressure in smaller media and communications names, while also creating the potential for squeezes if sentiment shifts. The piece lists related sector names (including GOOG) but focuses on short-interest data as a gauge of investor positioning rather than company fundamentals.