Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Decreases By 28.7%

SemiLEDs Co. (NASDAQ:LEDS) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 8,700 shares, a drop of 28.7% from the August 15th total of 12,200 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is presently 0.6 days.

SemiLEDs Stock Down 4.3 %

LEDS stock traded down $0.06 on Monday, hitting $1.34. 17,612 shares of the company’s stock were exchanged, compared to its average volume of 34,411. The firm has a 50 day moving average price of $1.38 and a two-hundred day moving average price of $1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.40 and a current ratio of 0.94. SemiLEDs has a 12-month low of $1.01 and a 12-month high of $2.29. The stock has a market cap of $9.64 million, a P/E ratio of -2.98 and a beta of 1.02.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Monday, July 8th. The semiconductor company reported ($0.06) earnings per share for the quarter. The business had revenue of $1.32 million for the quarter. SemiLEDs had a negative return on equity of 120.86% and a negative net margin of 44.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of SemiLEDs in a report on Monday. They issued a “sell” rating on the stock.

SemiLEDs Company Profile

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips.