SemiLEDs Co. (NASDAQ:LEDS) Short Interest Update

SemiLEDs Co. (NASDAQ:LEDS) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 63,700 shares, a decline of 38.0% from the August 30th total of 102,700 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily volume of 304,900 shares, the short-interest ratio is presently 0.2 days.

LEDS stock traded down $0.07 during trading on Friday, reaching $2.50. 13,348 shares of the stock were exchanged, compared to its average volume of 22,391. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.09 and a quick ratio of 0.56. The business has a 50 day moving average price of $2.51 and a 200-day moving average price of $2.88. SemiLEDs has a 1 year low of $2.07 and a 1 year high of $5.57.

SemiLEDs (NASDAQ:LEDS) last issued its earnings results on Wednesday, July 10th. The semiconductor company reported ($0.24) EPS for the quarter. SemiLEDs had a negative return on equity of 99.88% and a negative net margin of 60.58%. The firm had revenue of $1.75 million for the quarter.

Separately, ValuEngine raised shares of SemiLEDs from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

About SemiLEDs

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components in the United States, Taiwan, the Netherlands, France, China, Germany, Hong Kong, and internationally. The company's products are used for general lighting applications, including street lights and commercial, industrial, system and residential lighting.

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