SemiLEDS Corporation (NASDAQ:LEDS) Short Interest Update

SemiLEDS Corporation (NASDAQ:LEDS) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 647,510 shares, an increase of 5,358.7% from the June 30th total of 11,862 shares. Based on an average trading volume of 4,861,008 shares, the days-to-cover ratio is presently 0.1 days. Approximately 18.9% of the shares of the company are short sold.

SemiLEDS Price Performance

Shares of SemiLEDS stock traded down $0.27 on Friday, reaching $2.15. The company’s stock had a trading volume of 95,545 shares, compared to its average volume of 426,290. The company has a quick ratio of 0.68, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $1.99 and a 200-day moving average price of $1.73. The company has a market capitalization of $17.78 million, a P/E ratio of -16.54 and a beta of 1.59. SemiLEDS has a 52-week low of $1.01 and a 52-week high of $3.62.

SemiLEDS (NASDAQ:LEDS) last posted its quarterly earnings data on Tuesday, July 14th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $9.07 million for the quarter. SemiLEDS had a negative net margin of 3.92% and a negative return on equity of 43.09%.

Analyst Ratings Changes

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

SemiLEDS Company Profile

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.