SemiLEDs Co. (NASDAQ:LEDS) Sees Significant Drop in Short Interest

SemiLEDs Co. (NASDAQ:LEDS) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 103,000 shares, a drop of 41.4% from the February 13th total of 175,900 shares. Based on an average trading volume of 233,000 shares, the short-interest ratio is presently 0.4 days. Currently, 4.4% of the company’s stock are sold short.

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs at the end of the most recent quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

SemiLEDs Stock Up 3.4 %

Shares of NASDAQ LEDS traded up $0.06 during trading hours on Friday, hitting $1.80. The company had a trading volume of 17,306 shares, compared to its average volume of 276,929. The stock has a market capitalization of $12.98 million, a P/E ratio of -5.45 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $1.62 and its 200-day moving average is $1.40. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48.

SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on SemiLEDs in a research report on Tuesday, March 11th. They issued a “sell” rating on the stock.

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.