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Major Semiconductors Scare Off Short Sellers

247wallst.com
Major Semiconductors Scare Off Short Sellers

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 has pushed many of these companies to new highs, and both the Dow Jones Industrial Average and S&P have recently closed near all-time highs. The December 29 short interest data have been compared with the previous report. Short interest decreased in these selected semiconductor stocks. Intel Corp. (NASDAQ: INTC) saw its short interest decrease to 116.41 million shares. The previous level was 152.47 million. Note that, like AMD, Intel is one