Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Drops By 43.7%

SemiLEDS Corporation (NASDAQ:LEDS) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 8,650 shares, a decrease of 43.7% from the April 30th total of 15,367 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 88,948 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

SemiLEDS Stock Up 0.8%

Shares of NASDAQ:LEDS traded up $0.02 during mid-day trading on Thursday, reaching $1.97. 6,498 shares of the stock were exchanged, compared to its average volume of 25,424. The stock’s 50 day simple moving average is $1.70 and its 200-day simple moving average is $1.73. SemiLEDS has a one year low of $1.01 and a one year high of $3.37. The company has a market cap of $16.24 million, a P/E ratio of -7.02 and a beta of 1.59. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

SemiLEDS (NASDAQ:LEDS) last issued its earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) EPS for the quarter. SemiLEDS had a negative return on equity of 89.53% and a negative net margin of 6.71%.The business had revenue of $1.06 million for the quarter.

SemiLEDS Company Profile

SemiLEDS Corp. is a developer and manufacturer of high-performance light‐emitting diode (LED) solutions serving a range of commercial, industrial and specialty markets. The company designs, packages and sells both white and ultraviolet LED products that are used in applications such as general illumination, horticultural lighting, architectural accent lighting and specialty curing or sterilization processes. SemiLEDS’ product portfolio encompasses single‐die high‐power LEDs, multi‐chip arrays and custom modules tailored to specific customer requirements.

Leveraging in‐house research and development capabilities, SemiLEDS focuses on delivering advanced thermal management, high luminous efficacy and long operational lifetimes in its LED offerings.