Short Interest in SemiLEDS Corporation (NASDAQ:LEDS) Expands By 5,358.7%

SemiLEDS Corporation (NASDAQ:LEDS) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 647,510 shares, an increase of 5,358.7% from the June 30th total of 11,862 shares. Based on an average trading volume of 4,861,008 shares, the short-interest ratio is presently 0.1 days. Approximately 18.9% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

SemiLEDS Stock Down 11.2%

Shares of SemiLEDS stock opened at $2.15 on Friday. The business has a 50-day moving average of $1.99 and a 200-day moving average of $1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 0.68. The company has a market capitalization of $17.78 million, a PE ratio of -16.54 and a beta of 1.59. SemiLEDS has a 1-year low of $1.01 and a 1-year high of $3.62.

SemiLEDS (NASDAQ:LEDS) last released its quarterly earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 EPS for the quarter. SemiLEDS had a negative return on equity of 43.09% and a negative net margin of 3.92%.The business had revenue of $9.07 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.