SemiLEDs Co. (NASDAQ:LEDS) Sees Significant Decrease in Short Interest

SemiLEDs Co. (NASDAQ:LEDS) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 103,000 shares, a decline of 41.4% from the February 13th total of 175,900 shares. Based on an average daily volume of 233,000 shares, the short-interest ratio is presently 0.4 days. Currently, 4.4% of the shares of the company are short sold.

SemiLEDs Price Performance

NASDAQ:LEDS opened at $1.80 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. The business’s 50-day simple moving average is $1.62 and its two-hundred day simple moving average is $1.40. The stock has a market cap of $12.98 million, a PE ratio of -5.45 and a beta of 1.18. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.48.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on SemiLEDs in a report on Tuesday. They set a “sell” rating on the stock.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 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 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.