SemiLEDS Corporation (NASDAQ:LEDS) Short Interest Down 80.6% in July

SemiLEDS Corporation (NASDAQ:LEDS) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 125,325 shares, a decrease of 80.6% from the July 15th total of 647,510 shares. Based on an average daily trading volume, of 674,454 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.7% of the company’s stock are short sold.

Institutional Trading of SemiLEDS

An institutional investor recently bought a new position in SemiLEDS stock. Great Lakes Advisors LLC purchased a new position in shares of SemiLEDS Corporation (NASDAQ:LEDS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,452 shares of the semiconductor company’s stock, valued at approximately $1,626,000. Great Lakes Advisors LLC owned about 0.45% of SemiLEDS as of its most recent SEC filing. Hedge funds and other institutional investors own 76.29% of the company’s stock.

SemiLEDS Stock Down 0.9%

LEDS opened at $2.12 on Wednesday. SemiLEDS has a fifty-two week low of $1.01 and a fifty-two week high of $3.62. The business has a 50-day moving average of $1.96 and a 200-day moving average of $1.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 0.68. The company has a market capitalization of $17.53 million, a PE ratio of -16.31 and a beta of 1.62.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SemiLEDS in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 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.