SemiLEDs Co. (NASDAQ:LEDS) Short Interest Down 38.0% in September

SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 63,700 shares, a decrease of 38.0% from the August 30th total of 102,700 shares. Based on an average trading volume of 304,900 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.0% of the shares of the company are short sold.

Separately, ValuEngine upgraded shares of SemiLEDs from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Shares of NASDAQ:LEDS traded down $0.07 during midday trading on Friday, reaching $2.50. The company’s stock had a trading volume of 13,348 shares, compared to its average volume of 22,391. SemiLEDs has a twelve month low of $2.07 and a twelve month high of $5.57. The stock has a fifty day moving average of $2.51 and a 200 day moving average of $2.88. The company has a quick ratio of 0.56, a current ratio of 1.09 and a debt-to-equity ratio of 1.88.

SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings data on Wednesday, July 10th. The semiconductor company reported ($0.24) earnings per share for the quarter. The business had revenue of $1.75 million during the quarter. SemiLEDs had a negative return on equity of 99.88% and a negative net margin of 60.58%.

SemiLEDs Company Profile

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components in the United States, Taiwan, the Netherlands, France, China, Germany, Hong Kong, and internationally. The company's products are used for general lighting applications, including street lights and commercial, industrial, system and residential lighting.

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