SemiLEDS Corporation (NASDAQ:LEDS) Short Interest Up 77.6% in December

SemiLEDS Corporation (NASDAQ:LEDS) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 21,308 shares, a growth of 77.6% from the November 30th total of 11,997 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 27,616 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 27,616 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SemiLEDS in a report on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

SemiLEDS Stock Performance

NASDAQ LEDS opened at $1.66 on Tuesday. SemiLEDS has a 52-week low of $1.22 and a 52-week high of $3.37. The company has a fifty day moving average of $2.24 and a 200-day moving average of $2.19. The company has a market capitalization of $13.66 million, a P/E ratio of -11.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.99.

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.