SemiLEDs Co. (NASDAQ:LEDS) Short Interest Update

SemiLEDs Co. (NASDAQ:LEDS) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 47,800 shares, a decrease of 33.7% from the June 15th total of 72,100 shares. Based on an average trading volume of 339,900 shares, the short-interest ratio is currently 0.1 days. Currently, 2.8% of the shares of the stock are short sold.

Separately, ValuEngine lowered shares of SemiLEDs from a “buy” rating to a “hold” rating in a research report on Thursday, May 21st.

NASDAQ LEDS traded up $0.06 during trading hours on Friday, hitting $3.35. 94,884 shares of the company were exchanged, compared to its average volume of 410,429. The stock has a 50-day moving average price of $2.93 and a 200 day moving average price of $2.23. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.95. SemiLEDs has a 52 week low of $1.03 and a 52 week high of $4.10. The stock has a market cap of $12.64 million, a PE ratio of -6.70 and a beta of 1.94.

SemiLEDs (NASDAQ:LEDS) last announced its earnings results on Thursday, April 9th. The semiconductor company reported $0.08 EPS for the quarter. The firm had revenue of $1.54 million during the quarter. SemiLEDs had a negative return on equity of 82.21% and a negative net margin of 26.70%.

An institutional investor recently bought a new position in SemiLEDs stock. Barclays PLC bought a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 22,553 shares of the semiconductor company’s stock, valued at approximately $45,000. Barclays PLC owned about 0.63% of SemiLEDs at the end of the most recent reporting period. 1.21% of the stock is owned by institutional investors and hedge funds.

SemiLEDs Company Profile

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components in the United States, Taiwan, the Netherlands, France, China, Germany, Hong Kong, and internationally. The company's products are used for general lighting applications, including street lights and commercial, industrial, system and residential lighting.

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