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 just a couple months ago, but with the current state of affairs with the coronavirus, semiconductors will be the deciding factor if markets want to return to record levels.
The June 15 short interest data have been compared with the previous report. Short interest in most of these selected semiconductor stocks decreased.
Intel Corp. (NASDAQ: INTC) saw its short interest rise slightly to 38.86 million shares. The previous level was 38.64 million. Its shares were trading at $59.09 Thursday morning, in a 52-week range of $43.63 to $69.29.
The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short increased to 57.23 million from the previous reading of 55.19 million. Shares recently traded at $52.39, in a 52-week range of $27.43 to $59.27.
Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short fall to 15.39 million from the 17.34 million reported in the previous period. Shares were changing hands at $89.14, in a 52-week trading range of $58.00 to $96.17.
Short interest in Applied Materials Inc. (NASDAQ: AMAT) decreased to 22.10 million shares. The previous reading was 23.60 million. Shares traded at $59.97, in a 52-week range of $36.64 to $69.44.
Micron Technology Inc. (NASDAQ: MU) saw its short interest drop to 28.97 million shares from the previous reading of 34.91 million. Shares were trading at $48.29, in a 52-week range of $31.13 to $61.19.
And the short interest in Broadcom Inc. (NASDAQ: AVGO) decreased to 4.66 million shares from the previous 5.34 million. Shares were last seen at $306.97, in a 52-week range of $155.67 to $331.58.
24/7 Wall St.Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
