Technology
Short Sellers Become More Selective on Major Semiconductors
Published:
Last Updated:
The short interest data have come out for the December 15 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand.
The December 15 short interest data have been compared with the previous report. On the broad scope, short sellers appear to have mixed views on these semiconductor stocks.
Intel Corp. (NASDAQ: INTC) saw its short interest increase to 95.23 million shares. The previous level was 88.45 million, the lowest reading in the past 52 weeks. Shares closed Thursday at $34.98, in a 52-week trading range of $24.87 to $37.74.
Advanced Micro Devices Inc. (NASDAQ: AMD) had its short interest increase to 116.62 million shares. The previous level was 113.25 million, compared to the late July level of 157.66 million, easily the highest so far in 2015. Shares of AMD closed Thursday at $2.92, in a 52-week range of $1.61 to $3.37.
Qualcomm Inc. (NASDAQ: QCOM) saw its short interest continue to shrink to 15.84 million, compared to the previous period, in which 16.70 million shares were reported short. Qualcomm shares closed Thursday at $49.55, in a 52-week trading range of $45.93 to $75.72.
Micron Technology Inc. (NASDAQ: MU) saw its short interest decrease to 57.26 million shares from the previous reading of 59.85 million. Short interest is currently at its lowest level of the year. Shares of Micron closed Thursday at $14.48, in a 52-week range of $13.50 to $35.74.
SanDisk Corp. (NASDAQ: SNDK) had its short interest increase for the mid-December settlement date. The most recent reading was 14.89 million shares, compared to the previous reading of 16.02 million. Shares closed Thursday at $75.28, in a 52-week trading range of $44.28 to $101.79.
Broadcom Corp. (NASDAQ: BRCM) saw its short interest increase to 5.19 million shares, versus the previous short interest level of 4.92 million. Note that Broadcom has entered into an agreement with Avago to be purchased for $37 billion. Shares closed Thursday at $57.82, in a 52-week range of $40.21 to $58.48.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.