Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Drops By 72.5%

SemiLEDs Co. (NASDAQ:LEDSGet Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 4,200 shares, a drop of 72.5% from the January 15th total of 15,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 17,000 shares, the days-to-cover ratio is presently 0.2 days.

SemiLEDs Stock Up 37.3 %

Shares of LEDS stock traded up $0.47 during trading hours on Monday, reaching $1.73. 1,807,958 shares of the stock were exchanged, compared to its average volume of 80,627. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.35. SemiLEDs has a 12-month low of $1.01 and a 12-month high of $3.47. The firm has a market capitalization of $8.60 million, a P/E ratio of -3.09 and a beta of 1.05. The business’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.57.

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

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of SemiLEDs in a report on Monday, February 5th. They issued a “sell” rating for the company.

Read Our Latest Analysis on LEDS

Institutional Trading of SemiLEDs

A number of hedge funds and other institutional investors have recently made changes to their positions in LEDS. Bank of America Corp DE purchased a new position in shares of SemiLEDs during the first quarter worth about $59,000. Millennium Management LLC purchased a new stake in SemiLEDs in the 2nd quarter valued at approximately $59,000. Finally, Citadel Advisors LLC acquired a new stake in SemiLEDs during the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 0.65% of the company’s stock.

SemiLEDs Company Profile

(Get Free Report)

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.

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