Short Sellers Bailed Out on One Semiconductor Stock

Intel Corp.’s (NASDAQ: INTC) short interest rose 3% to 242.86 million shares. About 4.9% of Intel’s float is now short.

Advanced Micro Devices Inc. (NYSE: AMD) saw short interest decline by 2.6% to 93.16 million shares, or 15.4% of the company’s total float.

Qualcomm Inc.’s (NASDAQ: QCOM) short interest fell 15% to 15.46 million shares, which represents 0.9% of the company’s float.

ARM Holdings PLC (NASDAQ: ARMH) saw a 1.6% decline in short interest to 5.09 million shares, which represents about 1.1% of the firm’s float.

Micron Technology Inc. (NASDAQ: MU) showed a rise of 2.1% in short interest, to 78.93 million shares, or about 7.7% of Micron’s float.

SanDisk Corp. (NASDAQ: SNDK) saw short interest fall by 5.7% to 7.04 million shares, or 2.9% of the company’s float.

Short interest in Broadcom Corp. (NASDAQ: BRCM) dropped 51.8% to 10.93 million shares. That is 2.1% of the total float.

Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 2.9% decrease in short interest to 6.25 million shares, or about 1.6% of Marvell’s float.

Nvidia Corp. (NASDAQ: NVDA) short interest fell by 10.1% to 42.24 million shares, about 7.7% of the company’s float.

Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise by 10.8% to 23.65 million shares, or 2.1% of the float.

Applied Materials Inc. (NASDAQ: AMAT) short interest rose 15.7% to 19.92 million shares, which is about 1.7% of the company’s float.

The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a rise of 2.3% in short interest to 6.23 million shares.

Short interest in Broadcom fell by half in the first two weeks of July, but that was about a week too soon. The stock price did not dive until this week.