Technology

Major Semiconductor Short Sellers Become More Selective

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The short interest data have come out for the August 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 August 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 decline to 63.59 million shares. The previous level was 66.33 million. Shares closed Wednesday at $35.15, in a 52-week trading range of $26.08 to $35.93.

Advanced Micro Devices Inc. (NASDAQ: AMD) had a short interest decrease to 72.21 million shares. The previous level was 75.38 million. Shares of AMD closed Wednesday at $7.43, in a 52-week range of $1.65 to $8.00.

Qualcomm Inc. (NASDAQ: QCOM) saw its short interest grow slightly to 21.64 million, compared to the previous period, in which 21.22 million shares were reported short. Qualcomm shares closed Wednesday at $62.61, in a 52-week range of $42.24 to $63.69.

Applied Materials Inc. (NASDAQ: AMAT) short interest shrank to 11.24 million shares. The previous reading was 12.63 million. Shares closed Wednesday at $26.79, in a 52-week range of $14.29 to $30.15.

Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 72.39 million shares from the previous reading of 71.34 million. Shares of Micron closed Wednesday at $15.51, in a 52-week range of $9.31 to $19.30.

Broadcom Ltd. (NASDAQ: AVGO), the result of the Avago-Broadcom merger, saw its short interest increase ever so slightly to 3.39 million shares from the previous level of 3.38 million. Shares closed Wednesday at $175.30, in a 52-week range of $111.18 to $177.66.

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