Technology

Major Semiconductors See Mixed Bag in Short Interest Report

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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 November 15 short interest data have been compared with the previous report. Short interest moves in these selected semiconductor stocks were mixed.

Intel Corp. (NASDAQ: INTC) saw its short interest increase to 59.70 million shares. The previous level was 53.35 million. Intel shares were last seen trading at $48.07, in a 52-week range of $42.04 to $57.60.

The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short increased to 120.75 million from the previous reading of 114.92 million. Shares recently traded at $21.05, in a 52-week range of $9.04 to $34.14.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short fall to 83.87 million from the 91.82 million reported in the previous period. Shares were changing hands at $55.57, in a 52-week trading range of $48.56 to $76.50.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) increased to 16.59 million shares. The previous reading was 15.60 million. Shares were trading at $36.00, in a 52-week range of $30.53 to $62.40.

Micron Technology Inc. (NASDAQ: MU) saw its short interest decrease to 52.21 million shares from the previous reading of 54.92 million. Shares were trading at $37.00, in a 52-week range of $33.82 to $64.66.

And the short interest in Broadcom Ltd. (NASDAQ: AVGO) decreased to 9.27 million shares from the previous 9.34 million. Shares were last seen at $235.83, in a 52-week range of $197.46 to $278.35.

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