SemiLEDS Corporation (NASDAQ:LEDS) Sees Significant Decline in Short Interest

SemiLEDS Corporation (NASDAQ:LEDS) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 125,325 shares, a drop of 80.6% from the July 15th total of 647,510 shares. Based on an average trading volume of 674,454 shares, the short-interest ratio is presently 0.2 days. Currently, 3.7% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SemiLEDS in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

SemiLEDS Stock Performance

Shares of SemiLEDS stock traded down $0.28 on Thursday, reaching $2.13. 36,162 shares of the company were exchanged, compared to its average volume of 395,254. SemiLEDS has a 1-year low of $1.01 and a 1-year high of $3.62. The firm has a market cap of $17.62 million, a price-to-earnings ratio of -16.38 and a beta of 1.62. The company’s 50-day moving average is $1.97 and its two-hundred day moving average is $1.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.03.

SemiLEDS (NASDAQ:LEDS) last issued its earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 EPS for the quarter. The firm had revenue of $9.07 million for the quarter. SemiLEDS had a negative return on equity of 43.09% and a negative net margin of 3.92%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in SemiLEDS stock. Great Lakes Advisors LLC bought a new position in SemiLEDS Corporation (NASDAQ:LEDS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,251 shares of the semiconductor company’s stock, valued at approximately $366,000. Great Lakes Advisors LLC owned approximately 0.06% of SemiLEDS at the end of the most recent reporting period. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.