SemiLEDs Co. (NASDAQ:LEDS) Short Interest Update

SemiLEDs Co. (NASDAQ:LEDS) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 41,300 shares, a decline of 23.9% from the November 30th total of 54,300 shares. Based on an average trading volume of 249,000 shares, the short-interest ratio is presently 0.2 days. Approximately 1.2% of the company’s shares are sold short.

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 disclosure with the Securities and Exchange Commission. The firm 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on SemiLEDs in a research report on Saturday, December 21st. They issued a “sell” rating on the stock.

SemiLEDs Stock Performance

Shares of LEDS stock opened at $1.28 on Friday. The stock has a market cap of $9.23 million, a PE ratio of -3.46 and a beta of 1.06. The stock has a 50-day moving average of $1.28 and a 200-day moving average of $1.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.34. SemiLEDs has a one year low of $0.92 and a one year high of $2.29.

About SemiLEDs

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.