Scan is bottom-of-universe shorts: all 10 at univ 0-2%, median conf 71, earnings yield vs bonds drags 7 of 10. Bio-Techne Corporation ($TECH) is heaviest at -27.7%, conf 71, short interest and illiqui

Trimble Inc. ($TRMB) is -22.1%, conf 72; illiquidity ↑ but earnings yield vs bonds is -0.0606. FirstEnergy Corp. ($FE) is -22.0%, conf 70; low-vol utility with earnings-yield and short-interest drag, 60d volatility down. Microchip Technology Incorporated ($MCHP) is -19.5%, conf 71; earnings yield and short interest both heavy, forward P/E down. Coinbase Global, Inc. ($COIN) is -19.5%, conf 71; same earnings-yield drag at -0.0606, short interest -0.0579, but 60d volatility ↑. High-beta financial vs semi, same valuation problem. Pfizer Inc. ($PFE) is -18.8%, conf 70; earnings-yield drag lighter, low vol and illiquidity down. Molson Coors Beverage Company ($TAP) is -18.7%, conf 70; short interest is biggest drag at -0.0656, illiquidity ↑. Financial Services and Consumer Defensive are in the mix, so this is not one sector. International Paper Company ($IP) is -17.4%, conf 71; short interest and earnings yield vs bonds both near -0.060, forward P/E adds pressure. Jacobs Solutions Inc. ($J)

Trimble Inc. ($TRMB) is -22.1%, conf 72; illiquidity ↑ but earnings yield vs bonds is -0.0606. FirstEnergy Corp. ($FE) is -22.0%, conf 70; low-vol utility with earnings-yield and short-interest drag,