Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Decreases By 43.7%

SemiLEDS Corporation (NASDAQ:LEDS) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 8,650 shares, a drop of 43.7% from the April 30th total of 15,367 shares. Based on an average daily trading volume, of 88,948 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

SemiLEDS Stock Performance

LEDS traded up $0.04 during trading on Tuesday, reaching $2.09. The company’s stock had a trading volume of 32,090 shares, compared to its average volume of 25,659. SemiLEDS has a 52-week low of $1.01 and a 52-week high of $3.37. The company’s fifty day moving average price is $1.66 and its 200-day moving average price is $1.74. The company has a market capitalization of $17.26 million, a price-to-earnings ratio of -7.46 and a beta of 1.58. 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 (NASDAQ:LEDS) last announced its quarterly earnings data on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share for the quarter. SemiLEDS had a negative net margin of 6.71% and a negative return on equity of 89.53%. The business had revenue of $1.06 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average 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.