Semiconductor Short Interest Continues to Be Mixed
The November 30 short interest data have been compared with the previous report. Short interest moves were mixed in these selected semiconductor stocks.
The short interest data have come out for the November 30 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 largely pushed many of these companies to new highs, as the Dow and S&P have both hit new all-time highs.
The November 30 short interest data have been compared with the previous report. Short interest moves were mixed in these selected semiconductor stocks.
Intel Corp. (NASDAQ: INTC) saw its short interest increase to 77.66 million shares. The previous level was 75.56 million. Shares closed Friday at $35.76, in a 52-week trading range of $27.68 to $38.36.
Advanced Micro Devices Inc. (NASDAQ: AMD) had a short interest decrease to 82.41 million shares from the previous level of 90.83 million. Shares closed Friday at $10.34, in a 52-week range of $1.75 to $10.66. Note that like Intel and Micron, AMD is one of the most shorted Nasdaq stocks.
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Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short drop to 19.20 million, compared to the 21.82 million reported in the previous period. Shares closed most recently at $68.52, in a 52-week range of $42.24 to $71.62.
Applied Materials Inc. (NASDAQ: AMAT) short interest rose slightly to 15.56 million shares. The previous reading was 15.21 million. Shares closed Friday at $32.35, in a 52-week range of $15.44 to $32.92.
Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 60.02 million shares from the previous reading of 58.37 million. Shares closed Friday at $20.50, in a 52-week range of $9.31 to $20.99.
Broadcom Ltd. (NASDAQ: AVGO) short interest rose to 4.25 million shares in the period, from the previous of 3.97 million. Shares closed most recently at $179.09, in a 52-week range of $114.25 to $181.90.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
