Technology

Short Sellers Continue to Bet Against Major Semiconductors

Chris Lange

Published: January 25, 2018 10:15 am

Last Updated: January 12, 2020 4:07 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 January 12 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 decrease to 106.38 million shares. The previous level was 116.41 million. Note that, like AMD, Intel is one of the most shorted Nasdaq stocks. Shares were last seen trading at $45.75, in a 52-week range of $33.23 to $47.64.

The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short increased to 175.83 million from the previous level of 167.46 million. Shares recently traded at $12.80, in a 52-week range of $9.70 to $15.65.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short drop slightly to 17.30 million, compared to the 17.71 million reported in the previous period. Shares were changing hands at $67.80, in a 52-week range of $48.92 to $69.28.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) increased to 11.82 million shares. The previous reading was 10.95 million. Shares were trading at $56.75, in a 52-week range of $33.77 to $60.89.

Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 65.84 million shares from the previous reading of 57.25 million. Shares were trading at $43.65, in a 52-week range of $22.64 to $49.89.

And the short interest in Broadcom Ltd. (NASDAQ: AVGO) increased to 4.08 million shares in the period from the previous 3.86 million. Shares were last seen at $249.30, in a 52-week range of $198.86 to $285.68.