Technology
Short Sellers Become More Selective on Major Semiconductors
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The short interest data have come out for the December 31 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand.
The December 31 short interest data have been compared with the previous report. On the broad scope, short sellers appear to have mixed views on these semiconductor stocks.
Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 82.07 million shares. The previous level was 95.23 million, the lowest reading in the past 52 weeks. Shares closed Tuesday at $32.68, in a 52-week trading range of $24.87 to $37.03.
Advanced Micro Devices Inc. (NASDAQ: AMD) had its short interest increase to 120.44 million shares. The previous level was 116.62 million, compared to the late July level of 157.66 million, easily the highest in 2015. Shares of AMD closed Tuesday at $2.39, in a 52-week range of $1.61 to $3.37.
Qualcomm Inc. (NASDAQ: QCOM) saw its short interest continue to shrink to 13.98 million, compared to the previous period, in which 15.84 million shares were reported short. Qualcomm shares closed Tuesday at $46.52, in a 52-week trading range of $45.33 to $74.09.
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