NEW YORK, June 1 (Reuters) - Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market losses for the year to date, including $7.2 billion in losses since last week's rally in Nvidia's stock (NVDA.O), according to financial data firm S3 Partners.
The PHLX semiconductor sector index (.SOX) gained roughly 15% in May and hit an over one-year high.
"The Semiconductor sectors have been an investing desert for short sellers," S3 Partners analysts wrote in the report this week.
In addition, S3 cited Marvell Technology Inc (MRVL.O), Broadcom Inc (AVGO.O) and Ambarella Inc (AMBA.O) among stocks prone to a short squeeze.
"We expect short covering in these stocks as short sellers look to trim their exposure and limit future mark-to-market losses if these stocks continue to rally," S3 analysts said.
Persons:
Caroline Valetkevitch, Lance Tupper, Will Dunham
Organizations:
YORK, Partners, SOX, Semiconductor, Nvidia, Devices, Marvell Technology Inc, Broadcom Inc, Ambarella Inc, Thomson