Short interest is down 50% since those April lows
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Wireless networking stock
Skyworks Solutions Inc (NASDAQ:SWKS) closed below a trendline connecting higher lows since April. The shares also breached their 200-day moving average and are underneath $75, home to 2022 lows. Down more than 20% in 2025, there’s reason to believe tailwinds will persist.
An Apple (AAPL) supplier, Skyworks Solutions stock peaked on Sept. 22 amid the ramp-up and rollout of the iPhone 17. With that gap filled, we could be looking at a ‘buy the rumor, sell the news’ situation developing.
Short interest is down 50% since those April lows. Since mid-June, however, the shares have made no net headway even amid that steady covering activity.
Our recommended January put has a leverage ratio of 4.2 and will double in value on a 21.1% decline in the underlying equity.