Semiconductor Short Interest Remains Mixed

By Chris Lange Updated Jan 12, 4:21PM EST · Published Dec 28, 10:45AM EST

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Semiconductor Short Interest Remains Mixed — © Thinkstock

[cnxvideo id=”509259″ placement=”ros”]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. A strong rally in the tech sector largely pushed many of these companies to new highs, as the Dow and S&P are both trading near all-time highs.

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

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Intel Corp. (NASDAQ: INTC) saw its short interest increase to 78.62 million shares. The previous level was 77.66 million. Shares were last seen trading at $36.90, in a 52-week trading range of $27.68 to $38.36.

Advanced Micro Devices Inc. (NASDAQ: AMD) had a short interest increase slightly to 82.81 million shares from the previous level of 82.41 million. Shares were recently trading at $11.66, in a 52-week range of $1.75 to $12.42. Note that like Intel and Micron, AMD is one of the most shorted Nasdaq stocks.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short drop to 18.23 million, compared to the 19.20 million reported in the previous period. Shares were changing hands at $66.45, in a 52-week range of $42.24 to $71.62.

Applied Materials Inc. (NASDAQ: AMAT) short interest fell to 14.51 million shares. The previous reading was 15.56 million. Shares were trading at $33.20, in a 52-week range of $15.44 to $33.68.

Micron Technology Inc. (NASDAQ: MU) saw its short interest decrease to 57.00 million shares from the previous reading of 60.02 million. Shares were trading at $22.91, in a 52-week range of $9.31 to $23.64.

Broadcom Ltd. (NASDAQ: AVGO) short interest rose to 4.68 million shares in the period, from the previous 4.25 million. Shares were last seen at $180.31, in a 52-week range of $114.25 to $183.99.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.