SemiLEDS Corporation (NASDAQ:LEDS) Sees Large Increase in Short Interest

SemiLEDS Corporation (NASDAQ:LEDS) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 15,367 shares, an increase of 90.4% from the April 15th total of 8,070 shares. Based on an average daily trading volume, of 24,279 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are short sold.

SemiLEDS Price Performance

Shares of LEDS stock traded down $0.01 during trading on Tuesday, hitting $1.84. The company had a trading volume of 8,328 shares, compared to its average volume of 23,800. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $1.50 and its two-hundred day moving average is $1.78. The stock has a market capitalization of $15.19 million, a price-to-earnings ratio of -6.57 and a beta of 1.37. SemiLEDS has a 52 week low of $1.01 and a 52 week high of $3.37.

SemiLEDS (NASDAQ:LEDS) last posted its quarterly earnings data on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share for the quarter. The company had revenue of $1.06 million during the quarter. SemiLEDS had a negative return on equity of 89.53% and a negative net margin of 6.71%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About SemiLEDS

SemiLEDS Corp. is a developer and manufacturer of high-performance light?emitting diode (LED) solutions serving a range of commercial, industrial and specialty markets. The company designs, packages and sells both white and ultraviolet LED products that are used in applications such as general illumination, horticultural lighting, architectural accent lighting and specialty curing or sterilization processes. SemiLEDS’ product portfolio encompasses single?die high?power LEDs, multi?chip arrays and custom modules tailored to specific customer requirements.

Leveraging in?house research and development capabilities, SemiLEDS focuses on delivering advanced thermal management, high luminous efficacy and long operational lifetimes in its LED offerings.