Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Rises By 481.5%

SemiLEDS Corporation (NASDAQ:LEDS) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 13,351 shares, a growth of 481.5% from the May 31st total of 2,296 shares. Based on an average daily volume of 43,607 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

SemiLEDS Price Performance

LEDS stock traded down $0.06 during mid-day trading on Friday, hitting $1.61. The company had a trading volume of 15,199 shares, compared to its average volume of 25,932. The company has a 50-day moving average price of $1.90 and a 200 day moving average price of $1.70. SemiLEDS has a 12-month low of $1.01 and a 12-month high of $3.37. The company has a market capitalization of $13.29 million, a price-to-earnings ratio of -5.75 and a beta of 1.59. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

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

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average 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.