Microsoft’s short interest has reached its highest level in more than a decade ahead of its quarterly earnings release. Approximately 92 million Microsoft shares are currently sold short, representing 1.27% of the public float, the highest percentage since May 2015. This bearish positioning reflects growing doubts about whether the tech giant can generate sufficient returns on its massive artificial intelligence investments. Microsoft projected approximately $190 billion in capital expenditures and finance leases for the year, including roughly $25 billion tied to higher component costs. Microsoft shares have fallen more than 18% this year, underperforming the S&P 500 by almost 25 percentage points.
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