Short Interest Remains Mixed on Major Semiconductors
The short interest data have come out for the July 15 settlement date. Short interest was mixed in these selected semiconductor stocks.
The short interest data have come out for the July 15 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand. A strong rally in the tech sector has largely pushed many of these companies to new highs as the Dow and S&P have both hit new all-time highs.
The July 15 short interest data have been compared with the previous report. Short interest was mixed in these selected semiconductor stocks.
Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 71.99 million shares. The previous level was 73.67 million. Shares closed Tuesday at $35.09, in a 52-week trading range of $24.87 to $35.93.
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Advanced Micro Devices Inc. (NASDAQ: AMD) had a short interest decrease to 71.45 million shares. The previous level was 76.40 million. Shares of AMD closed Tuesday at $6.98, in a 52-week range of $1.65 to $7.16.
Qualcomm Inc. (NASDAQ: QCOM) saw its short interest increase to 18.09 million, compared to the previous period, in which 17.71 million shares were reported short. Qualcomm shares closed Tuesday at $61.35, in a 52-week range of $42.24 to $64.95.
Applied Materials Inc. (NASDAQ: AMAT) short interest increased to 14.90 million shares. The previous reading was 12.19 million. Shares closed Tuesday at $26.81, in a 52-week range of $14.25 to $26.83.
Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 69.38 million shares from the previous reading of 66.53 million. Shares of Micron closed Tuesday at $14.67, in a 52-week range of $9.31 to $20.57.
Broadcom Ltd. (NASDAQ: AVGO), the result of the Avago-Broadcom merger, saw its short interest decrease to 3.78 million shares from the previous level of 4.39 million. Shares closed Tuesday at $163.44, in a 52-week range of $100.00 to $166.00.
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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.
