A cloud service outage caused by a faulty software systems update by cybersecurity software firm CrowdStrike resulted in the Blue Screen of Death hitting millions of computers worldwide. CEO George Kurtz stated that “the issue has been identified, isolated and a fix has been deployed.”
There are eighty-six stocks with short interest in the Systems Software sector with $48 billion of short intertest and 2.31% Short Interest % Float. MSFT is by far the largest short in the sector with over half the total short exposure in the sector.