Short Sellers Run for Cover on Major Semiconductors

By Chris Lange Updated Jan 30, 4:56PM EST · Published Aug 27, 8:25AM EDT

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Short Sellers Run for Cover on Major Semiconductors — © MF3d / Getty Images

Semiconductor trends are considered to be leading indicators of technology and broader electronics demand. In a wider sense, semiconductor and tech stocks are seen as 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 current state of affairs with China, semiconductors will have to rally again if markets want to continue hitting new record levels.

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

Intel Corp. (NASDAQ: INTC | INTC Price Prediction) saw its short interest decrease to 55.51 million shares. The previous level was 63.37 million. Its shares were trading at $45.56 Tuesday morning, in a 52-week range of $42.36 to $59.59.

The number of Advanced Micro Devices Inc. (NASDAQ: AMD) shares short increased to 136.52 million from the previous reading of 113.71 million. Shares recently traded at $30.28, in a 52-week range of $16.03 to $35.55.

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Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short drop slightly to 28.40 million from the 28.62 million reported in the previous period. Shares were changing hands at $72.91, in a 52-week trading range of $49.10 to $90.34.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) decreased to 15.71 million shares. The previous reading was 19.17 million. Shares were trading at $45.61, in a 52-week range of $28.79 to $52.42.

Micron Technology Inc. (NASDAQ: MU) saw its short interest fall to 34.47 million shares from the previous reading of 40.84 million. Shares were trading at $43.43, in a 52-week range of $28.39 to $53.68.

And the short interest in Broadcom Inc. (NASDAQ: AVGO) decreased to 5.67 million shares from the previous 6.23 million. Shares were last seen at $277.22, in a 52-week range of $208.23 to $323.20.
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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.