SemiLEDS Corporation (NASDAQ:LEDS) Short Interest Update

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

SemiLEDS Stock Up 4.4%

NASDAQ:LEDS traded up $0.08 during mid-day trading on Friday, hitting $1.90. 25,896 shares of the company’s stock traded hands, compared to its average volume of 46,197. The company has a fifty day moving average of $1.79 and a 200 day moving average of $1.72. SemiLEDS has a twelve month low of $1.01 and a twelve month high of $3.37. The company has a market capitalization of $15.69 million, a P/E ratio of -6.79 and a beta of 1.59. 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 earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share (EPS) 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 for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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 MarketBeat, SemiLEDS currently 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.