SemiLEDs Co. (NASDAQ:LEDS) Short Interest Update

Posted by James Quigley on Dec 13th, 2024

SemiLEDs Co. (NASDAQ:LEDS – Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 54,300 shares, a decline of 50.8% from the November 15th total of 110,300 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 229,400 shares, the days-to-cover ratio is currently 0.2 days.

SemiLEDs Trading Up 5.1 %

Shares of NASDAQ LEDS traded up $0.07 during trading hours on Thursday, hitting $1.45. The company’s stock had a trading volume of 89,144 shares, compared to its average volume of 88,211. The business has a 50-day simple moving average of $1.25 and a 200-day simple moving average of $1.31. The stock has a market cap of $10.46 million, a price-to-earnings ratio of -3.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.34 and a current ratio of 0.85. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.29.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of SemiLEDs in a report on Thursday, December 5th. They set a “sell” rating for the company.

Read Our Latest Analysis on LEDS

Hedge Funds Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs at the end of the most recent quarter. Institutional investors own 76.29% of the company’s stock.

SemiLEDs Company Profile

(Get Free Report)

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips.