Short Interest in Semilux International Ltd. (NASDAQ:SELX) Decreases By 17.8%

Semilux International Ltd. (NASDAQ:SELX) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 75,666 shares, a decline of 17.8% from the March 15th total of 92,090 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 26,377 shares, the short-interest ratio is currently 2.9 days.

Semilux International Stock Performance

Shares of SELX opened at $0.44 on Friday. Semilux International has a fifty-two week low of $0.23 and a fifty-two week high of $1.85. The firm’s 50-day simple moving average is $0.50 and its two-hundred day simple moving average is $0.67.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Semilux International in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Semilux International currently has a consensus rating of “Sell”.

About Semilux International

Semilux International Ltd., an optical technology company, designs and produces optics and fluorescent modules. It offers laser lights modules and related optical components use in commercial projectors, car lights, and optical sensors; laser lights module consists of laser diodes and fluorescent chips; color filters use in optical/laser modules; color filter wheels; fluorescent chip and wheel; and wafer level optics. The company was founded in 2009 and is headquartered in Taichung, Taiwan.