Sphere Entertainment tops communications services stocks in short interest; Alphabet sees the lowest exposure

The article reports on short-interest positioning within the communications services sector at the end of June. Media stocks remain the most heavily shorted, led by Sphere Entertainment with short interest of 25.94%. AST SpaceMobile follows at 20.92%. The note highlights sector sentiment and positioning rather than company fundamentals, suggesting traders are still skeptical about certain media and satellite communications names. Alphabet is mentioned as having the lowest short exposure in the sector, implying comparatively more positive or less crowded positioning in GOOG/GOOGL relative to peers.