SemiLEDs Co. (NASDAQ:LEDS) Short Interest Down 71.4% in December

SemiLEDs Co. (NASDAQ:LEDS) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 11,800 shares, a drop of 71.4% from the December 15th total of 41,300 shares. Based on an average daily volume of 246,500 shares, the short-interest ratio is presently 0.0 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.23% of SemiLEDs as of its most recent filing with the Securities & Exchange Commission. 76.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on SemiLEDs in a research note on Monday, January 6th. They set a “sell” rating on the stock.

SemiLEDs Stock Performance

LEDS traded up $0.04 during trading hours on Monday, hitting $1.36. 43,396 shares of the stock were exchanged, compared to its average volume of 24,771. The stock has a market cap of $9.81 million, a price-to-earnings ratio of -3.68 and a beta of 1.08. The stock has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $1.31. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.34. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.29.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter. SemiLEDs had a negative return on equity of 91.96% and a negative net margin of 39.28%.

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.