SemiLEDS Corporation (NASDAQ:LEDS) Sees Significant Growth in Short Interest

SemiLEDS Corporation (NASDAQ:LEDS) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 13,351 shares, a growth of 481.5% from the May 31st total of 2,296 shares. Based on an average trading volume of 43,607 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are sold short.

SemiLEDS Price Performance

LEDS stock traded down $0.12 during trading on Friday, reaching $1.55. 20,281 shares of the company were exchanged, compared to its average volume of 28,533. SemiLEDS has a 52-week low of $1.01 and a 52-week high of $3.37. The company has a market cap of $12.80 million, a P/E ratio of -5.54 and a beta of 1.59. The stock’s 50 day moving average price is $1.90 and its 200 day moving average price is $1.70. 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 released its quarterly earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share for the quarter. SemiLEDS had a negative return on equity of 89.53% and a negative net margin of 6.71%.The company had revenue of $1.06 million for the quarter.

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About SemiLEDS

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.