Are Short Sellers Betting Against a Rally in Semiconductors?

By Chris Lange Updated Jan 12, 2:01AM EST · Published Mar 27, 10:20AM EDT

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Are Short Sellers Betting Against a Rally in Semiconductors? — © Thinkstock

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 pushed many of these companies to new highs, but with the return of volatility semiconductors will have to rally again if markets want to return to record levels.

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

Intel Corp. (NASDAQ: INTC) saw its short interest increase to 104.19 million shares. The previous level was 98.82 million. Note that, like AMD, Intel is one of the most shorted Nasdaq stocks. Intel shares were last seen trading at $52.80, in a 52-week range of $33.23 to $53.78.

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The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short increased to 174.08 million from the previous level of 159.55 million. Shares recently traded at $10.50, in a 52-week range of $9.70 to $15.65.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short shrink to 15.10 million from the 18.87 million reported in the previous period. Shares were changing hands at $56.85, in a 52-week trading range of $48.92 to $69.28.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) decreased to 14.65 million shares. The previous reading was 16.06 million. Shares were trading at $57.55, in a 52-week range of $37.41 to $62.40.

Micron Technology Inc. (NASDAQ: MU) saw its short interest increase to 65.91 million shares from the previous reading of 62.47 million. Shares were trading at $54.60, in a 52-week range of $26.36 to $63.42.

And the short interest in Broadcom Ltd. (NASDAQ: AVGO) retreated to 3.92 million shares in the period from the previous 4.02 million. Shares were last seen at $251.85, in a 52-week range of $208.44 to $285.68.

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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.