Technology

Short Sellers Take a Breather on Major Semiconductors

Chris Lange

Published: April 10, 2019 9:10 am

Last Updated: January 30, 2020 10:16 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 March 29 short interest data have been compared with the previous report. Short interest in most of these selected semiconductor stocks decreased.

Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 53.90 million shares. The previous level was 57.09 million. Intel shares were trading at $55.32 Wednesday morning, in a 52-week range of $42.36 to $57.60.

The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short rose to 117.03 million from the previous reading of 114.67 million. Shares recently traded at $27.24, in a 52-week range of $9.56 to $34.14.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short fall to 23.03 million from the 27.88 million reported in the previous period. Shares were changing hands at $57.44, in a 52-week trading range of $48.56 to $76.50.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) decreased to 15.21 million shares. The previous reading was 15.97 million. Shares were trading at $42.01, in a 52-week range of $28.79 to $58.40.

Micron Technology Inc. (NASDAQ: MU) saw its short interest decrease to 44.41 million shares from the previous reading of 44.53 million. Shares were trading at $41.72, in a 52-week range of $28.39 to $64.66.

And the short interest in Broadcom Inc. (NASDAQ: AVGO) increased to 5.44 million shares from the previous 4.79 million. Shares were last seen at $303.45, in a 52-week range of $197.46 to $307.40.