SemiLEDS Corporation (NASDAQ:LEDS) Short Interest Update

SemiLEDS Corporation (NASDAQ:LEDS) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,296 shares, a drop of 73.5% from the May 14th total of 8,650 shares. Based on an average daily trading volume, of 46,232 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

SemiLEDS Stock Performance

Shares of NASDAQ LEDS traded down $0.02 during trading on Thursday, hitting $1.82. The company had a trading volume of 17,092 shares, compared to its average volume of 47,264. The stock has a 50 day simple moving average of $1.78 and a 200 day simple moving average of $1.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.91. SemiLEDS has a 12 month low of $1.01 and a 12 month high of $3.37. The firm has a market capitalization of $15.03 million, a P/E ratio of -6.50 and a beta of 1.59.

SemiLEDS (NASDAQ:LEDS) last posted its quarterly earnings data on Tuesday, April 14th. The semiconductor company reported ($0.07) EPS for the quarter. The company 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%.

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.