Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Increases By 3,985.2%

SemiLEDs Co. (NASDAQ:LEDS) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 110,300 shares, a growth of 3,985.2% from the October 31st total of 2,700 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 227,400 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on SemiLEDs in a report on Wednesday. They set a “sell” rating on the stock.

Hedge Funds Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new stake in SemiLEDs Co. (NASDAQ:LEDS) in 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 5.24% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is owned by institutional investors.

SemiLEDs Price Performance

Shares of LEDS stock traded up $0.01 during midday trading on Wednesday, reaching $1.27. 4,816 shares of the company were exchanged, compared to its average volume of 90,377. The company’s 50 day moving average price is $1.23 and its two-hundred day moving average price is $1.32. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.29. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 0.35.

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.