Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Rises By 77.6%

SemiLEDS Corporation (NASDAQ:LEDS) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 21,308 shares, an increase of 77.6% from the November 30th total of 11,997 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 27,616 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 27,616 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SemiLEDS in a research note on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, SemiLEDS presently has an average rating of “Sell”.

SemiLEDS Stock Down 5.6%

NASDAQ:LEDS opened at $1.70 on Friday. The company has a market cap of $13.99 million, a price-to-earnings ratio of -11.33 and a beta of 1.04. SemiLEDS has a twelve month low of $1.22 and a twelve month high of $3.37. The company has a current ratio of 0.99, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $2.26 and a 200-day simple moving average of $2.20.

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.