SemiLEDs Co. (NASDAQ:LEDS) Short Interest Up 58.8% in October

SemiLEDs Co. (NASDAQ:LEDS) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 2,700 shares, a growth of 58.8% from the October 15th total of 1,700 shares. Based on an average daily volume of 179,700 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

SemiLEDs Stock Down 2.4 %

LEDS stock opened at $1.21 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.40. The company’s 50 day simple moving average is $1.24 and its 200-day simple moving average is $1.34. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.29. The firm has a market capitalization of $8.71 million, a PE ratio of -2.70 and a beta of 1.02.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.24% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of SemiLEDs in a report on Monday, November 11th. They issued a “sell” rating for the company.

SemiLEDs Company Profile

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips.