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Short Sellers Run for Cover From Major Semiconductors

The short interest data have come out for the October 15 settlement date. It is important to note that semiconductor trends are considered to be leading indicators of technology and broader electronics demand. Chip makers with a solid position in the mobile space continue to advance.

On the broad scope, short sellers appear to have backed off these semiconductor stocks. The October 15 short interest data have been compared with the previous figures.

Intel Corp. (NASDAQ: INTC) saw its short interest decrease slightly to 116.25 million shares. The previous level was 116.95 million. Shares closed Monday at $34.59, in a 52-week trading range of $24.87 to $37.90.

Advanced Micro Devices Inc. (NASDAQ: AMD) had its short interest decrease to 129.75...