SemiLEDS Corporation (NASDAQ:LEDS – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 125,325 shares, a drop of 80.6% from the July 15th total of 647,510 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average daily volume of 674,454 shares, the days-to-cover ratio is currently 0.2 days.
SemiLEDS Price Performance
Shares of NASDAQ:LEDS opened at $2.12 on Wednesday. The company’s fifty day moving average is $1.96 and its two-hundred day moving average is $1.75. The company has a quick ratio of 0.68, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. SemiLEDS has a 12-month low of $1.01 and a 12-month high of $3.62. The company has a market cap of $17.53 million, a P/E ratio of -16.31 and a beta of 1.62.
SemiLEDS (NASDAQ:LEDS – Get Free Report) last issued its earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 EPS for the quarter. SemiLEDS had a negative return on equity of 43.09% and a negative net margin of 3.92%.The business had revenue of $9.07 million during the quarter.
Hedge Funds Weigh In On SemiLEDS
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SemiLEDS in a research note on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SemiLEDS currently has an average rating of “Sell”.
Read Our Latest Analysis on SemiLEDS
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.
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