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

SemiLEDS Corporation (NASDAQ:LEDS) was the target of a significant growth in short interest in 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 daily volume of 4,861,008 shares, the short-interest ratio is currently 0.1 days. Currently, 18.9% of the shares of the company are sold short.

SemiLEDS Trading Down 11.2%

LEDS opened at $2.15 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $17.78 million, a price-to-earnings ratio of -16.54 and a beta of 1.59. The company has a 50-day simple moving average of $1.99 and a 200 day simple moving average of $1.74. SemiLEDS has a twelve month low of $1.01 and a twelve month high of $3.62.

SemiLEDS (NASDAQ:LEDS) last posted its earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 EPS 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%.

Analyst Ratings Changes

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