SemiLEDS Corporation (NASDAQ:LEDS) Short Interest Update

SemiLEDS Corporation (NASDAQ:LEDS) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 647,510 shares, a growth of 5,358.7% from the June 30th total of 11,862 shares. Based on an average trading volume of 4,861,008 shares, the short-interest ratio is presently 0.1 days. Currently, 18.9% of the company’s shares are short sold.

SemiLEDS Trading Down 11.2%

Shares of NASDAQ LEDS traded down $0.27 during trading hours on Friday, reaching $2.15. The stock had a trading volume of 95,545 shares, compared to its average volume of 426,290. SemiLEDS has a 52-week low of $1.01 and a 52-week high of $3.62. The firm has a market cap of $17.78 million, a price-to-earnings ratio of -16.54 and a beta of 1.59. The business’s fifty day moving average price is $1.99 and its two-hundred day moving average price is $1.73. The company has a current ratio of 1.03, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03.

SemiLEDS (NASDAQ:LEDS) last announced its quarterly earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 earnings per share for the quarter. The firm had revenue of $9.07 million during the quarter. SemiLEDS had a negative net margin of 3.92% and a negative return on equity of 43.09%.

Analysts Set New Price Targets

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