Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Expands By 90.4%

SemiLEDS Corporation (NASDAQ:LEDS) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 15,367 shares, a growth of 90.4% from the April 15th total of 8,070 shares. Based on an average daily volume of 24,279 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

SemiLEDS Stock Down 14.8%

Shares of LEDS traded down $0.35 during trading hours on Friday, hitting $2.02. The company had a trading volume of 57,989 shares, compared to its average volume of 59,494. The firm has a fifty day moving average price of $1.49 and a 200-day moving average price of $1.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.91. The stock has a market capitalization of $16.69 million, a price-to-earnings ratio of -7.21 and a beta of 1.37. SemiLEDS has a 52-week low of $1.01 and a 52-week high of $3.37.

SemiLEDS (NASDAQ:LEDS) last posted its quarterly earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter. The company 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%.

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.