Major Semiconductor Short Interest Remains Mixed

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The short interest data have come out for the May 31 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand.

The May 31 short interest data have been compared with the previous report. Short interest largely was mixed in these selected semiconductor stocks.

Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 78.48 million shares. The previous level was 81.29 million. Shares closed Thursday at $31.94, in a 52-week trading range of $24.87 to $35.59.

Advanced Micro Devices Inc. (NASDAQ: AMD) had a short interest increase to 91.34 million shares. The previous level was 84.63 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 Thursday at $4.52, in a 52-week range of $1.61 to $4.71.

Qualcomm Inc. (NASDAQ: QCOM) saw its short interest increase to 22.29 million, compared to the previous period, in which 18.3 million shares were reported short. Qualcomm shares closed Thursday at $54.98, in a 52-week range of $42.24 to $67.67.

Applied Materials Inc. (NASDAQ: AMAT) short interest increased to 15.31 million shares. The previous reading was 12.77 million. Shares closed Thursday at $24.42, in a 52-week range of $14.25 to $24.65.

Micron Technology Inc. (NASDAQ: MU) saw its short interest decrease to 62.48 million shares from the previous reading of 64.18 million. Shares of Micron closed Thursday at $12.51, in a 52-week range of $9.31 to $25.38.

Broadcom Ltd. (NASDAQ: AVGO), formerly Avago Technologies, saw its short interest decrease to 4.49 million shares from the previous level of 4.88 million. Shares closed Thursday at $164.14, in a 52-week range of $100.00 to $166.00.