SemiLEDS Corporation (NASDAQ:LEDS) Short Interest Up 31.6% in March
by Jessica Moore · The Cerbat GemSemiLEDS Corporation (NASDAQ:LEDS – Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 7,937 shares, a growth of 31.6% from the March 15th total of 6,033 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 16,799 shares, the short-interest ratio is currently 0.5 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SemiLEDS in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on LEDS
SemiLEDS Stock Performance
Shares of NASDAQ LEDS traded down $0.01 during trading on Wednesday, reaching $1.21. 8,945 shares of the company traded hands, compared to its average volume of 19,740. The firm’s fifty day simple moving average is $1.40 and its 200 day simple moving average is $1.88. The stock has a market cap of $9.96 million, a P/E ratio of -4.32 and a beta of 1.15. SemiLEDS has a 12-month low of $1.01 and a 12-month high of $3.37. The company has a current ratio of 0.94, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15.
SemiLEDS (NASDAQ:LEDS – Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share for the quarter. The company had revenue of $1.06 million for the quarter. SemiLEDS had a negative net margin of 6.71% and a negative return on equity of 78.57%.
About SemiLEDS
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.