Semiconductor trends are considered to be leading indicators of technology and broader electronics demand. In a wider sense, semiconductor and tech stocks are considered to be leading indicators for the markets in general. A strong rally in the tech sector pushed many of these companies to new highs, but with the return of volatility semiconductors will have to rally again if markets want to return to record levels.
The May 15 short interest data have been compared with the previous report. Short interest in most of these selected semiconductor stocks increased.
Intel Corp. (NASDAQ: INTC) saw its short interest increase to 81.09 million shares. The previous level was 76.32 million. Intel shares were last seen trading at $54.95, in a 52-week range of $33.23 to $55.79.
The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short decreased to 173.67 million from the previous level of 179.44 million. Shares recently traded at $13.66, in a 52-week range of $9.04 to $15.65.
Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short rise to 18.59 million from the 16.89 million reported in the previous period. Shares were changing hands at $59.01, in a 52-week trading range of $48.56 to $69.28.
Short interest in Applied Materials Inc. (NASDAQ: AMAT) fell to 15.04 million shares. The previous reading was 16.83 million. Shares were trading at $50.56, in a 52-week range of $40.79 to $62.40.
Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 65.49 million shares from the previous reading of 57.80 million. Shares were trading at $61.64, in a 52-week range of $26.85 to $63.42.
And the short interest in Broadcom Ltd. (NASDAQ: AVGO) increased to 7.58 million shares in the period from the previous 6.74 million. Shares were last seen at $246.43, in a 52-week range of $221.98 to $285.68.