Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Rises By 481.5%

SemiLEDS Corporation (NASDAQ:LEDS) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 13,351 shares, an increase of 481.5% from the May 31st total of 2,296 shares. Based on an average daily volume of 43,607 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

SemiLEDS Stock Performance

NASDAQ LEDS traded down $0.06 on Friday, reaching $1.61. 15,199 shares of the stock were exchanged, compared to its average volume of 25,932. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. SemiLEDS has a one year low of $1.01 and a one year high of $3.37. The firm has a market capitalization of $13.29 million, a PE ratio of -5.75 and a beta of 1.59. The company’s 50-day simple moving average is $1.90 and its two-hundred day simple moving average is $1.70.

SemiLEDS (NASDAQ:LEDS) last posted its quarterly earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share for the quarter. The firm 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 analyst has rated the stock with a Sell rating, According to MarketBeat, SemiLEDS has an average 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.