SemiLEDs Co. (NASDAQ:LEDS) Short Interest Update

SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, a decrease of 61.5% from the February 29th total of 1,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 56,800 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on SemiLEDs in a report on Sunday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEDS. Citadel Advisors LLC acquired a new position in shares of SemiLEDs during the 3rd quarter worth approximately $29,000. Millennium Management LLC boosted its stake in SemiLEDs by 113.8% during the fourth quarter. Millennium Management LLC now owns 29,441 shares of the semiconductor company’s stock worth $47,000 after buying an additional 15,668 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in SemiLEDs in the 1st quarter valued at $59,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

SemiLEDs Price Performance

SemiLEDs stock traded up $0.02 during trading on Thursday, reaching $1.46. The company had a trading volume of 6,000 shares, compared to its average volume of 59,195. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.35 and a current ratio of 0.74. The firm’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.44. The firm has a market capitalization of $7.26 million, a PE ratio of -2.61 and a beta of 1.09. SemiLEDs has a 1-year low of $1.01 and a 1-year high of $3.47.

SemiLEDs (NASDAQ:LEDS) last released its earnings results on Friday, January 12th. The semiconductor company reported ($0.12) EPS for the quarter. The company had revenue of $1.65 million for the quarter. SemiLEDs had a negative return on equity of 166.93% and a negative net margin of 46.78%.

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.