Major Semiconductors Send Short Sellers Running

By Chris Lange Published Oct 12, 9:34AM EDT

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Major Semiconductors Send Short Sellers Running — © AlexSava / 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 just a couple months ago, but with the current state of affairs with the coronavirus, semiconductors will be the deciding factor if markets want to return to record levels.

The September 30 short interest data have been compared with the previous report, and short interest decreased on most of these selected semiconductor stocks.

The number of Advanced Micro Devices Corp. (NASDAQ: AMD | AMD Price Prediction) shares short decreased to 28.29 million from the previous reading of 32.52 million. Shares recently traded at $83.10, in a 52-week range of $29.38 to $94.28.

Short interest in Applied Materials Inc. (NASDAQ: AMAT) decreased to 14.56 million shares. The previous reading was 16.60 million. Shares traded at $63.29, in a 52-week range of $36.64 to $69.90.

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Short interest in Broadcom Inc. (NASDAQ: AVGO) fell to 3.90 million shares from the previous 3.95 million. Shares traded at $376.70, in a 52-week range of $155.67 to $380.00.

Intel Corp. (NASDAQ: INTC) saw its short interest drop to 118.19 million shares. The previous level was 138.01 million. Its shares were trading at $52.82 Monday morning, in a 52-week range of $43.63 to $69.29.

Micron Technology Inc. (NASDAQ: MU) had its short interest slide to 28.16 million shares from the previous reading of 32.56 million. Shares were trading at $49.47, in a 52-week range of $31.13 to $69.29.

Nvidia Corp.’s (NASDAQ: NVDA) short interest rose to 6.99 million shares from the 5.79 million in the prior period. Shares were trading at $550.51, in a 52-week range of $180.68 to $589.07.

Qualcomm Inc. (NASDAQ: QCOM) saw the number of its shares short increase to 15.41 million from the 13.66 million reported in the previous period. Shares were changing hands at $124.87, in a 52-week trading range of $58.00 to $125.89.

And the number of Texas Instruments Inc. (NASDAQ: TXN) shares short fell from 14.68 million to 13.44 million in the period. The share price was $150.91 Monday morning and has ranged from $93.09 to $151.52 in the past year.

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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.