According to Jinshi Data, Goldman Sachs said in a report sent to clients on Friday that hedge funds sold U.S. energy company stocks at the fastest pace in five years, and the sector was the most sold sector by Goldman Sachs' institutional brokerage trading department last week. U.S. energy stocks tracked by the S&P Energy Index fell nearly 5% in the week ending September 26, but then rebounded 1% on Friday after a mild inflation report raised hopes for further interest rate cuts from the Federal Reserve. The bank reported that the ratio of short positions to long positions was about 6:1. Goldman Sachs said that the scale of short selling in the industry last week was the largest in more than five years.