Qualcomm Inc (QCOM) is up over 23% after the digital wireless communications equipment manufacturer agreed to end all litigation with Apple Inc (AAPL) and agreed on a six year licensing deal and supply agreement.
Salesforce.com Incâ€™s (CRM) stock price is down 4.5% this morning as cloud software companies took a breather from a year long rally. We are seeing a run-up of short selling ahead of todayâ€™s earning report after the stock shed over 300k of shares shorted in February.
NVIDIA Corp (NVDA) short interest is $1.97 billion; 30.42 million shares shorted; 2.19% short interest % of float; 0.30% stock borrow fee (general collateral). NVDA is the 6th largest short in the U.S. Semiconductor Sector.
Twilio Inc (TWLO) short interest is $1.14 billion; 9.89 million shares shorted; 10.45% of its float; stock borrow is 30bp fee, General Collateral levels. TWLO is the second largest short in the Internet Services & Infrastructure Sector behind Shopify Inc (SHOP) at $1.28 billion.
German global payments company Wirecard AGâ€™s (WDI GR) stock price fell 17.16% this week, their lowest stock price since April 2017, after a report by the Financial Times alleging the firm of accounting fraud. Today Singapore police raided their local offices, which dragged down Wirecardâ€™s sock price over 17 euro. Wirecardâ€™s CEO, Markus Braun, maintains that the report and allegations are based on â€śfalse allegationsâ€ť based on â€śagreements and invoices that may be fictitious.â€ť
Microchip Technology Inc (MCHP) short interest is $3.34 billion; 37.94 million shares shorted; 16.40% of float; stock borrow is 2.09% bp fee. MCHP is the second most shorted stock in the worldwide Semiconductor Sector behind Intel (INTC) at $3.44 billion.
SNAP Inc (SNAP) short interest is $964 million; 136.88 million shares shorted; 23.78% of float; stock borrow is 30 bp fee (general collateral). SNAP is the 6th most shorted stock in the domestic Interactive Media & Services sector.
NVIDIA Corp (NVDA) short interest is $2.07 billion; 14.30 million shares shorted; 2.45% of float; stock borrow is 30 bp fee (general collateral). NVDA is the 8th most shorted stock in the worldwide Semiconductor sector.
NVIDIA Corp (NVDA) is down 13.8% today after cutting its fourth quarter revenue guidance due to weakness in both its Gaming and Datacenter divisions due to a decline in crypto and gaming chip sales; slowdown in the global economy, especially China; and macroeconomic factors â€śbeyond their control.â€ť With market-leader NVIDIA dropping significantly the rest of the Semiconductor Sector followed suit, with 4 out of 5 semiconductor companies in the red today.
Nvidia (NVDA) short interest:
19.21 million shares / 3.29% of float / $3.08 billion notional at risk on short side (pre-open)
Shares of NVDA fell today after significantly cutting itâ€™s fourth-quarter guidance, adding to concerns that product demand was not as high as anticipated over the holiday season.