The short interest data have come out for the April 29 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand.
The April 29 short interest data have been compared with the previous report. On the broad scope, short interest moves decreased in these selected semiconductor stocks.
Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 78.80 million shares. The previous level was 88.80 million. Shares closed Tuesday at $30.14, in a 52-week trading range of $24.87 to $35.59.
Advanced Micro Devices Inc. (NASDAQ: AMD) had a short interest decrease to 91.08 million shares. The previous level was 106.85 million, and it compared to the late July level of 157.66 million, easily the highest in the past 52 weeks. Shares of AMD closed Tuesday at $3.64, in a 52-week range of $1.61 to $3.99.
Qualcomm Inc. (NASDAQ: QCOM) saw its short interest increase to 15.12 million, compared to the previous period, in which 13.62 million shares were reported short. Qualcomm shares closed Tuesday at $52.15, in a 52-week range of $42.24 to $71.32.
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