Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Decreases By 44.1%

SemiLEDs Co. (NASDAQ:LEDS) 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 %

LEDS stock opened at $1.02 on Tuesday. SemiLEDs has a 1-year low of $1.01 and a 1-year high of $3.47. The firm has a market cap of $5.02 million, a P/E ratio of -1.85 and a beta of 1.15. The business’s 50 day moving average is $1.58 and its 200-day moving average is $2.03. The company has a current ratio of 0.87, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74.

SemiLEDs (NASDAQ:LEDS) 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.

About SemiLEDs

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.