Semiconductor Stocks’ Short Interest Mostly Lower, with One Big Exception
June 12, 2013 by Paul Ausick
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.
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