SemiLEDs Co. (NASDAQ:LEDS) Sees Large Decline in Short Interest

SemiLEDs Co. (NASDAQ:LEDS) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 19,000 shares, a decrease of 65.9% from the March 31st total of 55,800 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 39,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new stake in SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs at the end of the most recent quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of SemiLEDs in a research report on Sunday, April 20th. They set a “sell” rating for the company.

SemiLEDs Price Performance

SemiLEDs stock opened at $2.39 on Friday. The firm has a market cap of $19.60 million, a PE ratio of -7.24 and a beta of 0.96. The stock’s fifty day moving average price is $2.00 and its two-hundred day moving average price is $1.59. SemiLEDs has a one year low of $0.92 and a one year high of $2.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Thursday, April 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $10.87 million for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

SemiLEDs Company Profile

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.