Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Drops By 71.4%

SemiLEDs Co. (NASDAQ:LEDS) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 11,800 shares, a drop of 71.4% from the December 31st total of 41,300 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 246,500 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, StockNews.com began coverage on SemiLEDs in a report on Wednesday, January 22nd. They issued a “sell” rating on the stock.

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.23% of SemiLEDs at the end of the most recent quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

SemiLEDs Stock Performance

Shares of LEDS stock traded up $0.03 during trading on Tuesday, reaching $1.56. 50,792 shares of the company’s stock were exchanged, compared to its average volume of 755,522. The stock has a market capitalization of $11.23 million, a PE ratio of -4.72 and a beta of 1.08. The firm’s fifty day moving average price is $1.38 and its 200-day moving average price is $1.33. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.48. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

SemiLEDs Company Profile

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.