Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Expands By 90.4%

SemiLEDS Corporation (NASDAQ:LEDS) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 15,367 shares, a growth of 90.4% from the April 15th total of 8,070 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 24,279 shares, the days-to-cover ratio is presently 0.6 days.

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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SemiLEDS has an average rating of “Sell”.

SemiLEDS Stock Down 14.8%

LEDS stock traded down $0.35 during midday trading on Friday, reaching $2.02. 57,989 shares of the company’s stock traded hands, compared to its average volume of 59,494. The company has a market cap of $16.69 million, a price-to-earnings ratio of -7.21 and a beta of 1.37. The firm’s fifty day moving average price is $1.49 and its 200-day moving average price is $1.80. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. SemiLEDS has a 52 week low of $1.01 and a 52 week high of $3.37.

SemiLEDS (NASDAQ:LEDS) last announced its quarterly earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) EPS for the quarter. The business had revenue of $1.06 million for the quarter. SemiLEDS had a negative net margin of 6.71% and a negative return on equity of 89.53%.

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.