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Short Sellers Bailed Out on One Semiconductor Stock

Paul Ausick

We have tracked the key short interest changes as of July 15 in the following semiconductor leaders: Intel Corp. (INTC), Advanced Micro Devices Inc. (AMD), Micron Technology Inc. (MU), SanDisk Corp. (SNDK), Qualcomm Inc. (QCOM), ARM Holdings PLC (ARMH), Broadcom Corp. (BRCM), Marvell Technology Group Ltd. (MRVL), Nvidia Corp. (NVDA), Texas Instruments Inc. (TXN) and Applied Materials Inc. (AMAT). We also chose to look at how the Market Vectors Semiconductor ETF (SMH) has held up.

Intel Corp.'s (INTC) short interest rose 3% to 242.86 million shares. About 4.9% of Intel’s float is now short.

Advanced Micro Devices Inc. (AMD) saw short interest decline by 2.6% to 93.16 million shares, or 15.4% of the company’s total float.

Qualcomm Inc.'s (QCOM) short interest fell 15% to 15.46 million shares, which represents 0.9% of the company’s float.

ARM Holdings PLC (ARMH) saw a 1.6% decline in short interest to 5.09 million shares, which represents about 1.1% of the firm’s float.

Micron Technology Inc. (MU) showed a rise of 2.1% in short interest, to 78.93 million shares, or about 7.7% of Micron’s float.

SanDisk Corp. (SNDK) saw short interest fall by 5.7% to 7.04 million shares, or 2.9% of the company’s float.

Short interest in Broadcom Corp. (BRCM) dropped 51.8% to 10.93 million shares. That is 2.1% of the total float.

Marvell Technology Group Ltd. (MRVL) posted a 2.9% decrease in short interest to 6.25 million shares, or about 1.6% of Marvell’s float.

Nvidia Corp. (NVDA) short interest fell by 10.1% to 42.24 million shares, about 7.7% of the company’s float.

Texas Instruments Inc. (TXN) saw short interest rise by 10.8% to 23.65 million shares, or 2.1% of the float.

Applied Materials Inc. (AMAT) short interest rose 15.7% to 19.92 million shares, which is about 1.7% of the company’s float.

The Market Vectors Semiconductor ETF (SMH) showed a rise of 2.3% in short interest to 6.23 million shares.

Short interest in Broadcom fell by half in the first two weeks of July, but that was about a week too soon. The stock price did not dive until this week.