The quant short book is a bond-yield problem: earnings yield vs bonds is the main drag in 7 of 10 names, and the top of the list is Healthcare, Real Estate, and Tech. Bio-Techne Corporation ($TECH) is

Pfizer Inc. ($PFE), Live Nation Entertainment, Inc. ($LYV), and Molson Coors Beverage Company ($TAP) sit in the next block. All three are short-interest and earnings-yield shorts, not single-sector noise. $PFE is the lower-vol healthcare version, $LYV is the crowded communication services short at conf 90, $TAP is the Consumer Defensive short with the biggest short-interest drag in the top 10 at -0.0656. FirstEnergy Corp. ($FE) and Coinbase Global, Inc. ($COIN) show the split. $FE is a low-vol utility short: earnings yield, short interest, and 60d vol all drag. $COIN is the contrarian print: earnings yield and short interest down hard, but 60d volatility is pushing up. Financial Services is a flagged cluster, but this is still the same bond-yield short with a crypto beta twist. The Mosaic Company ($MOS) and Dow Inc. ($DOW) close the list, both Basic Materials, and they are the most cyclical expression of the same short. $MOS has short interest and illiquidity stacking up. $DOW is the l

Pfizer Inc. ($PFE), Live Nation Entertainment, Inc. ($LYV), and Molson Coors Beverage Company ($TAP) sit in the next block. All three are short-interest and earnings-yield shorts, not single-sector no