SemiLEDS Corporation (NASDAQ:LEDS) Sees Significant Increase in Short Interest
by Teresa Graham · The Cerbat GemSemiLEDS Corporation (NASDAQ:LEDS – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 15,367 shares, a growth of 90.4% from the April 15th total of 8,070 shares. Based on an average daily trading volume, of 24,279 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.
SemiLEDS Price Performance
Shares of NASDAQ:LEDS traded down $0.17 during midday trading on Monday, reaching $1.85. 94,673 shares of the company’s stock traded hands, compared to its average volume of 60,859. SemiLEDS has a 1 year low of $1.01 and a 1 year high of $3.37. The company has a market cap of $15.28 million, a P/E ratio of -6.61 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.91. The company has a fifty day simple moving average of $1.50 and a two-hundred day simple moving average of $1.78.
SemiLEDS (NASDAQ:LEDS – Get Free Report) last announced its earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter. SemiLEDS had a negative net margin of 6.71% and a negative return on equity of 89.53%. The business had revenue of $1.06 million for the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded 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 has a consensus rating of “Sell”.
Get Our Latest Research Report on LEDS
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.