SemiLEDS Corporation (NASDAQ:LEDS) Sees Significant Growth in Short Interest

SemiLEDS Corporation (NASDAQ:LEDS) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 1,884 shares, a growth of 34.8% from the December 31st total of 1,398 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 18,858 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 18,858 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SemiLEDS in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SemiLEDS has a consensus rating of “Sell”.

SemiLEDS Stock Performance

Shares of NASDAQ LEDS traded down $0.10 during mid-day trading on Tuesday, reaching $1.64. 27,860 shares of the company’s stock were exchanged, compared to its average volume of 13,740. The firm has a market capitalization of $13.46 million, a price-to-earnings ratio of -10.22 and a beta of 1.06. The firm has a 50-day moving average price of $1.86 and a two-hundred day moving average price of $2.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.94 and a quick ratio of 0.58. SemiLEDS has a 52 week low of $1.41 and a 52 week high of $3.37.

SemiLEDS (NASDAQ:LEDS) last issued its quarterly earnings results on Wednesday, January 14th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter. SemiLEDS had a negative return on equity of 42.61% and a negative net margin of 2.99%.The company had revenue of $2.57 million for the quarter.

SemiLEDS Company Profile

SemiLEDS Corp. is a developer and manufacturer of high-performance light‐emitting diode (LED) solutions serving a range of commercial, industrial and specialty markets. The company designs, packages and sells both white and ultraviolet LED products that are used in applications such as general illumination, horticultural lighting, architectural accent lighting and specialty curing or sterilization processes. SemiLEDS’ product portfolio encompasses single‐die high‐power LEDs, multi‐chip arrays and custom modules tailored to specific customer requirements.

Leveraging in‐house research and development capabilities, SemiLEDS focuses on delivering advanced thermal management, high luminous efficacy and long operational lifetimes in its LED offerings.