The short interest data for the semiconductor sector have come out for the September 15 settlement date. As we have seen the market stumble in these opening hours on Thursday, tech stocks have led this. Investors might give more credence to the short interest in specifically the semiconductor industry if this movement continues. After all, semiconductor trends are considered to be leading indicators of technology and broad demand ahead.

Advanced Micro Devices Inc. (NYSE: AMD) saw its short interest fall slightly to 129 million shares, with 11.4 days to cover, from 130 million in the previous period. Shares closed Wednesday $3.70, which falls within a 52-week range of $3.04 to $4.80.

Applied Materials Inc. (NASDAQ: AMAT) saw its short interest rise to 70 million shares from the previous level of 67 million. The days to cover has held consistently just over six, at 6.14 this period. The stock has been trading up closer to its 52-week high of $23.46. The 52-week low is $16.40.

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Intel Corp. (NASDAQ: INTC) saw its short interest reading for the September 15 settlement date come in at 124 million shares. This held consistent with the previous level but is still lower than the relative high set back in June when short interest was at 182 million. The stock’s 52-week high is $35.56 and shares close Wednesday at $34.75. Apparently investors are holding in their decision to not to bet against Intel.

Micron Technology Inc. (NASDAQ: MU) saw its short interest rise to 106 million shares, with a drop in days to cover to 4.91. The previous reading was 101 million shares. Micron shares have moved down from the July 52-week high of $34.85, but the price is still well above the 52-week low of $16.17.

SanDisk Corp. (NASDAQ: SNDK) recorded a rise in its short interest to 17 million shares in mid-September from the previous level of 16 million. The days to cover fell to 5.42. The share price has recovered to the high on its 52-week range, having closed Wednesday at $99.98. SanDisk has made significant gains on the past 52-weeks, coming from a low of $58.58 to as high as $108.77.

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