Semiconductor Stocks’ Short Interest Mostly Lower, with One Big Exception

June 12, 2013 by Paul Ausick

94073253We have tracked the key short interest changes as of May 31 in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp. (NASDAQ: SNDK), Qualcomm Inc. (NASDAQ: QCOM), ARM Holdings PLC (NASDAQ: ARMH), Broadcom Corp. (NASDAQ: BRCM), Marvell Technology Group Ltd. (NASDAQ: MRVL), Nvidia Corp. (NASDAQ: NVDA), Texas Instruments Inc. (NASDAQ: TXN) and Applied Materials Inc. (NASDAQ: AMAT). We also chose to look at how the Market Vectors Semiconductor ETF (NYSEMKT: SMH) has held up.

Intel Corp. (NASDAQ: INTC) short interest fell 0.2% to 224.42 million shares. About 4.5% of Intel’s float is now short.

Advanced Micro Devices Inc. (NYSE: AMD) saw short interest rose 4.6% to 96.3 million shares, or 15.9% of the company’s total float.

Qualcomm Inc. (NASDAQ: QCOM) short interest fell 4% to 16.29 million shares, which represents 1% of the company’s float.

ARM Holdings PLC (NASDAQ: ARMH) saw a 21.8% drop in short interest to 3.18 million shares, which represents about 0.7% of the firm’s float.

Micron Technology Inc. (NASDAQ: MU) showed a rise of 10% in short interest to 76.43 million shares, or about 7.5% of Micron’s float.

SanDisk Corp. (NASDAQ: SNDK) saw short interest rise 1.6% to 7.59 million shares, or 3.1% of the company’s float.

Short interest in Broadcom Corp. (NASDAQ: BRCM) fell 10.8% to 8.02 million shares. That is 1.5% of the total float.

Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 23.8% decrease in short interest to 4.79 million shares, or about 1.2% of Marvell’s float.

Nvidia Corp. (NASDAQ: NVDA) short interest rose by a whopping 86.4% to 59.06 million shares, about 10.7% of the company’s float.

Texas Instruments Inc. (NASDAQ: TXN) saw short interest decline by 15.5% to 19.75 million shares, or 1.8% of the float.

Applied Materials Inc. (NASDAQ: AMAT) short interest fell 24.5% to 13.82 million shares, which is about 1.2% of the company’s float.

The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a drop of 7.9% in short interest to 7.85 million shares.

Nvidia put up a recent high near $15 on May 21, and shares dropped to a two-week low on May 23. The shares closed at $14.17 last night and a further drop is not out of the question.

The Modern Investment App For a Richer Tomorrow (Sponsored)

Robinhood set out to democratize investing to individuals, and it’s not slowing down. The app makes it possible to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

With FDIC insurance ,an award winning design, and benefits like IRAs and more, Robinhood could be your path to a richer tomorrow.

Sign up today — click here to start your journey.