Major Semiconductor Stocks See Rising Tide in Short Interest

Technology

Published: June 12, 2018 11:00 am

Last Updated: January 11, 2020 10:28 pm

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 May 31 short interest data have been compared with the previous report. Short interest in most of these selected semiconductor stocks increased.

Intel Corp. (NASDAQ: INTC) saw its short interest increase to 83.74 million shares. The previous level was 81.09 million. Intel shares were last seen trading at $54.52 in a 52-week range of $33.23 to $57.60.

The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short increased to 174.57 million from the previous level of 173.67 million. Shares recently traded at $15.73 in a 52-week range of $9.04 to $15.97.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short rise to 26.09 million from the 18.59 million reported in the previous period. Shares were changing hands at $59.93 in a 52-week trading range of $48.56 to $69.28.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) rose to 18.00 million shares. The previous reading was 15.04 million. Shares were trading at $49.89 in a 52-week range of $40.79 to $62.40.

Micron Technology Inc. (NASDAQ: MU) saw its short interest decrease to 60.32 million shares from the previous reading of 65.49 million. Shares were trading at $61.39 in a 52-week range of $26.85 to $64.66.

And the short interest in Broadcom Ltd. (NASDAQ: AVGO) remained flat at 7.58 million shares. Shares were last seen at $260.83 in a 52-week range of $221.98 to $285.68.