SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 63,700 shares, a drop of 38.0% from the August 30th total of 102,700 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 304,900 shares, the short-interest ratio is currently 0.2 days.
Separately, ValuEngine raised shares of SemiLEDs from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.
Shares of NASDAQ:LEDS traded down $0.07 during midday trading on Friday, hitting $2.50. The company’s stock had a trading volume of 13,348 shares, compared to its average volume of 22,391. The business’s 50 day simple moving average is $2.51 and its 200 day simple moving average is $2.88. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.56 and a current ratio of 1.09. SemiLEDs has a 12-month low of $2.07 and a 12-month high of $5.57.
SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings data on Wednesday, July 10th. The semiconductor company reported ($0.24) earnings per share (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.
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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