Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Increases By 494.6%

SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 22,000 shares, an increase of 494.6% from the June 30th total of 3,700 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 25,000 shares, the short-interest ratio is presently 0.9 days.

SemiLEDs Price Performance

Shares of LEDS traded up $0.04 during trading hours on Thursday, hitting $1.48. 15,344 shares of the company were exchanged, compared to its average volume of 40,714. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 0.35. SemiLEDs has a fifty-two week low of $1.01 and a fifty-two week high of $2.60. The company has a market cap of $10.66 million, a price-to-earnings ratio of -3.15 and a beta of 1.03. The firm’s fifty day moving average is $1.36 and its 200 day moving average is $1.43.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings data on Monday, July 8th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $1.32 million for the quarter. SemiLEDs had a negative return on equity of 120.86% and a negative net margin of 44.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on SemiLEDs in a research note on Monday. They issued a “sell” rating for the company.

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.