SemiLEDs Co. (NASDAQ:LEDS) Sees Significant Decline in Short Interest

SemiLEDs Co. (NASDAQ:LEDS) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 142,500 shares, a decline of 19.5% from the August 15th total of 177,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is presently 0.1 days. Currently, 5.1% of the shares of the stock are sold short.

A number of institutional investors and hedge funds have recently modified their holdings of LEDS. Royal Bank of Canada acquired a new position in SemiLEDs in the second quarter worth $26,000. Citadel Advisors LLC acquired a new stake in SemiLEDs during the 1st quarter worth $89,000. Squarepoint Ops LLC bought a new stake in shares of SemiLEDs during the 1st quarter valued at $90,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of SemiLEDs in the 2nd quarter valued at $715,000. Finally, Renaissance Technologies LLC boosted its position in shares of SemiLEDs by 18.9% in the 1st quarter. Renaissance Technologies LLC now owns 253,059 shares of the semiconductor company’s stock worth $1,154,000 after purchasing an additional 40,163 shares during the last quarter. Hedge funds and other institutional investors own 1.31% of the company’s stock.

LEDS opened at $8.24 on Wednesday. The firm has a market cap of $36.62 million, a price-to-earnings ratio of -30.52 and a beta of 1.01. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.36 and a current ratio of 0.73. The firm’s 50-day simple moving average is $8.92 and its 200-day simple moving average is $9.44. SemiLEDs has a twelve month low of $2.43 and a twelve month high of $31.44.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings data on Tuesday, July 6th. The semiconductor company reported ($0.02) earnings per share for the quarter. The firm had revenue of $1.44 million for the quarter. SemiLEDs had a negative return on equity of 56.71% and a negative net margin of 22.63%.

About SemiLEDs

SemiLEDs Corp. engages in the development, manufacture, and sale of light emitting diode chips and components. Its products include blue, ultraviolet, green, white, and entertainment LEDs. It offers LED chips, EF flipchip LED series, LED components, UV LED, and lighting products. The firm’s products are used for general lighting applications, including street lights, commercial, industrial, system, and residential lighting.

See Also: Why do earnings reports matter?

Receive News & Ratings for SemiLEDs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemiLEDs and related companies with's FREE daily email newsletter.