Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Increases By 494.6%

SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 22,000 shares, a growth of 494.6% from the June 30th total of 3,700 shares. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the company’s shares are short sold.

SemiLEDs Stock Up 2.8 %

NASDAQ:LEDS traded up $0.04 during trading hours on Thursday, hitting $1.48. 15,344 shares of the stock traded hands, compared to its average volume of 40,714. The firm has a 50 day moving average price of $1.36 and a 200 day moving average price of $1.43. The firm has a market cap of $10.66 million, a price-to-earnings ratio of -3.15 and a beta of 1.03. SemiLEDs has a fifty-two week low of $1.01 and a fifty-two week high of $2.60. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings results on Monday, July 8th. The semiconductor company reported ($0.06) earnings per share for the quarter. SemiLEDs had a negative net margin of 44.37% and a negative return on equity of 120.86%. The business had revenue of $1.32 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of SemiLEDs in a report on Monday. They set a “sell” rating on the stock.

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.