SemiLEDS Corporation (NASDAQ:LEDS) Short Interest Up 481.5% in June

SemiLEDS Corporation (NASDAQ:LEDS – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 13,351 shares, a growth of 481.5% from the May 31st total of 2,296 shares. Based on an average trading volume of 43,607 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings raised SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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SemiLEDS Trading Down 7.2%

SemiLEDS stock traded down $0.12 during mid-day trading on Friday, hitting $1.55. 20,281 shares of the company’s stock were exchanged, compared to its average volume of 28,533. The company’s 50 day simple moving average is $1.90 and its 200-day simple moving average is $1.70. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $12.80 million, a P/E ratio of -5.54 and a beta of 1.59. SemiLEDS has a fifty-two week low of $1.01 and a fifty-two week high of $3.37.

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

SemiLEDS Company Profile

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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.

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