SemiLEDs Co. (NASDAQ:LEDS – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 9,900 shares, a decline of 44.1% from the October 15th total of 17,700 shares. Based on an average trading volume of 10,400 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, StockNews.com began coverage on SemiLEDs in a research note on Thursday, November 9th. They issued a “sell” rating on the stock.
SemiLEDs Trading Down 7.3 %
SemiLEDs (NASDAQ:LEDS – Get Free Report) last announced its earnings results on Friday, November 10th. The semiconductor company reported ($0.18) EPS for the quarter. The business had revenue of $1.45 million during the quarter. SemiLEDs had a negative return on equity of 103.90% and a negative net margin of 44.99%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in shares of SemiLEDs in the 3rd quarter worth approximately $29,000. Bank of America Corp DE acquired a new position in SemiLEDs during the 1st quarter worth $59,000. Finally, Millennium Management LLC acquired a new position in SemiLEDs during the 2nd quarter worth $59,000. 0.65% of the stock is owned by institutional investors and hedge funds.
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, China, 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.
- Five stocks we like better than SemiLEDs
- How to Buy Bitcoin Stock: 3 Easy Ways to Do It
- Catch the dip on Sociedad Quimica before earnings?
- There Are Different Types of Stock To Invest In
- Can new GPT store spur generative AI monetization?
- The How and Why of Investing in Gold Stocks
- Energy looks to dominate markets with 3 oil and gas stocks
Receive News & Ratings for SemiLEDs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemiLEDs and related companies with MarketBeat.com's FREE daily email newsletter.