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

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We 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.