Short Sellers Run for Cover From Major Semiconductors
The June 30 short interest data have been compared with the previous report. Short interest largely decreased in these selected semiconductor stocks.
The short interest data have come out for the June 30 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand.
The June 30 short interest data have been compared with the previous report. Short interest largely decreased in these selected semiconductor stocks.
Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 73.67 million shares. The previous level was 75.59 million. Shares closed Tuesday at $34.94, in a 52-week trading range of $24.87 to $35.59.
[nativounit]
Advanced Micro Devices Inc. (NASDAQ: AMD) had a short interest decrease to 76.40 million shares. The previous level was 83.66 million. Shares of AMD closed Tuesday at $5.14, in a 52-week range of $1.61 to $5.52.
Qualcomm Inc. (NASDAQ: QCOM) saw its short interest increase to 17.71 million, compared to the previous period, in which 17.09 million shares were reported short. Qualcomm shares closed Tuesday at $54.60, in a 52-week range of $42.24 to $66.05.
Applied Materials Inc. (NASDAQ: AMAT) short interest decreased to 12.19 million shares. The previous reading was 16.25 million. Shares closed Tuesday at $25.41, in a 52-week range of $14.25 to $25.46.
Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 66.53 million shares from the previous reading of 63.69 million. Shares of Micron closed Tuesday at $13.23, in a 52-week range of $9.31 to $20.57.
Broadcom Ltd. (NASDAQ: AVGO), formerly Avago Technologies on the post Avago-Broadcom merger, saw its short interest decrease to 4.39 million shares from the previous level of 4.58 million. Shares closed Tuesday at $158.59, in a 52-week range of $100.00 to $166.00.
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
