Short Sellers Up the Ante in Major Semiconductors

October 25, 2019 by Chris Lange

Semiconductor trends are considered to be leading indicators of technology and broader electronics demand. In a wider sense, semiconductor and tech stocks are seen as 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 current state of affairs with China, semiconductors will have to rally again if markets want to continue hitting new record levels.

The October 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 55.55 million shares. The previous level was 50.32 million. Its shares were trading at $55.36 Friday morning, in a 52-week range of $42.86 to $59.59.

The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short dropped to 141.29 million from the previous reading of 152.74 million. Shares recently traded at $32.09, in a 52-week range of $16.03 to $35.55.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short rise to 19.60 million from the 17.96 million reported in the previous period. Shares were changing hands at $79.22, in a 52-week trading range of $49.10 to $90.34.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) increased slightly to 17.62 million shares. The previous reading was 17.48 million. Shares traded at $54.74, in a 52-week range of $28.79 to $55.12.

Micron Technology Inc. (NASDAQ: MU) saw its short interest rise to 33.47 million shares from the previous reading of 29.51 million. Shares were trading at $47.17, in a 52-week range of $28.39 to $51.39.

And the short interest in Broadcom Inc. (NASDAQ: AVGO) increased ever so slightly to 5.79 million shares from the previous 5.77 million. Shares were last seen at $284.79, in a 52-week range of $208.23 to $323.20.

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