Short Sellers Continue Betting Against Major Semiconductors

Technology

Published: December 28, 2017 9:40 am

Last Updated: January 12, 2020 5:03 am

Semiconductor trends are considered to be leading indicators of technology and broader electronics demand. In a wider sense, semiconductor and tech stocks are considered to be leading indicators for the markets in general. A strong rally in the tech sector has pushed many of these companies to new highs, and both the Dow Jones Industrial Average and S&P have recently closed near all-time highs.

The December 15 short interest data have been compared with the previous report. Short interest increased in most of these selected semiconductor stocks.

Intel Corp. (NASDAQ: INTC) saw its short interest increase to 152.47 million shares. The previous level was 147.64 million. Note that, like AMD, Intel is one of the most shorted Nasdaq stocks. Shares were last seen trading at $46.11, in a 52-week range of $33.23 to $47.64.

The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short increased to 176.54 million from the previous level of 177.02 million. Shares recently traded at $10.53, in a 52-week range of $9.42 to $15.65.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short drop slightly to 18.17 million, compared to the 18.29 million reported in the previous period. Shares were changing hands at $64.54, in a 52-week range of $48.92 to $69.28.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) increased to 14.39 million shares. The previous reading was 12.89 million. Shares were trading at $51.68, in a 52-week range of $31.66 to $60.89.

Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 59.29 million shares from the previous reading of 57.01 million. Shares were trading at $42.48, in a 52-week range of $21.49 to $49.89.

And the short interest in Broadcom Ltd. (NASDAQ: AVGO) increased to 4.87 million shares in the period, from the previous 3.85 million. Shares were last seen at $259.12, in a 52-week range of $173.31 to $285.68.