SemiLEDS Corporation (NASDAQ:LEDS) Sees Large Decrease in Short Interest

SemiLEDS Corporation (NASDAQ:LEDS) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 125,325 shares, a decrease of 80.6% from the July 15th total of 647,510 shares. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily volume of 674,454 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of SemiLEDS

A hedge fund recently bought a new position in SemiLEDS stock. Great Lakes Advisors LLC purchased a new position in shares of SemiLEDS Corporation (NASDAQ:LEDS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,251 shares of the semiconductor company’s stock, valued at approximately $366,000. Great Lakes Advisors LLC owned approximately 0.06% of SemiLEDS as of its most recent SEC filing. 76.29% of the stock is currently owned by institutional investors.

SemiLEDS Price Performance

Shares of LEDS traded up $0.09 on Friday, hitting $2.22. The company’s stock had a trading volume of 56,670 shares, compared to its average volume of 393,089. The company has a market capitalization of $18.36 million, a PE ratio of -17.08 and a beta of 1.62. SemiLEDS has a fifty-two week low of $1.01 and a fifty-two week high of $3.62. The company has a 50 day moving average price of $1.97 and a 200 day moving average price of $1.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 0.68.

SemiLEDS (NASDAQ:LEDS) last released its quarterly earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 earnings per share for the quarter. SemiLEDS had a negative return on equity of 43.09% and a negative net margin of 3.92%.The firm had revenue of $9.07 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SemiLEDS in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

SemiLEDS Company Profile

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.