Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Decreases By 61.5%

SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a drop of 61.5% from the February 29th total of 1,300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 56,800 shares, the short-interest ratio is currently 0.0 days.

SemiLEDs Price Performance

Shares of LEDS traded up $0.02 during mid-day trading on Thursday, hitting $1.46. The company’s stock had a trading volume of 6,000 shares, compared to its average volume of 59,195. The firm has a 50-day simple moving average of $1.45 and a 200 day simple moving average of $1.44. SemiLEDs has a 1-year low of $1.01 and a 1-year high of $3.47. The firm has a market capitalization of $7.26 million, a P/E ratio of -2.61 and a beta of 1.09. The company has a current ratio of 0.74, a quick ratio of 0.35 and a debt-to-equity ratio of 1.65.

SemiLEDs (NASDAQ:LEDS) last issued its earnings results on Friday, January 12th. The semiconductor company reported ($0.12) EPS for the quarter. The company had revenue of $1.65 million for the quarter. SemiLEDs had a negative return on equity of 166.93% and a negative net margin of 46.78%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new position in shares of SemiLEDs in the second quarter valued at $59,000. Bank of America Corp DE acquired a new stake in SemiLEDs in the 1st quarter valued at about $59,000. Finally, Citadel Advisors LLC purchased a new position in SemiLEDs during the 3rd quarter valued at about $29,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of SemiLEDs in a research note on Sunday. They set a “sell” rating on the stock.

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.