Technology
Semiconductor Short Interest Returns to a Steadier State
Published:
Last Updated:
We have tracked the key short interest changes as of June 28 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 rose 2.7% to 235.78 million shares. About 4.7% of Intel’s float is now short.
Advanced Micro Devices Inc. (NYSE: AMD) saw short interest rise by 2.8% to 95.69 million shares, or 15.8% of the company’s total float.
Qualcomm Inc. (NASDAQ: QCOM) short interest rose 15.8% to 18.19 million shares, which represents 1.1% of the company’s float.
ARM Holdings PLC (NASDAQ: ARMH) saw a 17.6% rise in short interest to 5.17 million shares, which represents about 1.1% of the firm’s float.
Micron Technology Inc. (NASDAQ: MU) showed a drop of 9.7% in short interest, to 77.29 million shares, or about 7.6% of Micron’s float.
SanDisk Corp. (NASDAQ: SNDK) saw short interest fall by 1.6% to 7.46 million shares, or 3.1% of the company’s float.
Short interest in Broadcom Corp. (NASDAQ: BRCM) rose 14.8% to 22.58 million shares. That is 4.3% of the total float.
Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 26.4% increase in short interest, to 6.43 million shares, or about 1.6% of Marvell’s float.
Nvidia Corp. (NASDAQ: NVDA) short interest fell by 11% to 46.98 million shares, about 8.5% of the company’s float.
Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise by 13.3% to 21.34 million shares, or 1.9% of the float.
Applied Materials Inc. (NASDAQ: AMAT) short interest rose 1.5% to 17.21 million shares, which is about 1.4% of the company’s float.
The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a drop of 14.8% in short interest to 6.09 million shares.
After a tripling of short interest in the first two weeks of June, short sellers added only about 15% to their interest in Broadcom. Short covering is probably continuing to support the stock price, which has not changed much since the last short interest report.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
