Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Declines By 73.5%

SemiLEDS Corporation (NASDAQ:LEDS) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,296 shares, a decrease of 73.5% from the May 14th total of 8,650 shares. Based on an average trading volume of 46,232 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

SemiLEDS Stock Performance

LEDS stock traded down $0.02 during trading on Thursday, reaching $1.82. The stock had a trading volume of 17,092 shares, compared to its average volume of 47,264. SemiLEDS has a 52 week low of $1.01 and a 52 week high of $3.37. The stock’s 50 day moving average is $1.78 and its two-hundred day moving average is $1.71. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm has a market cap of $15.03 million, a PE ratio of -6.50 and a beta of 1.59.

SemiLEDS (NASDAQ:LEDS) last posted its earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share for the quarter. SemiLEDS had a negative net margin of 6.71% and a negative return on equity of 89.53%. The firm had revenue of $1.06 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.