Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Declines By 88.7%

by · The Markets Daily

SemiLEDs Co. (NASDAQ:LEDS – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 1,700 shares, a decrease of 88.7% from the September 30th total of 15,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,600 shares, the short-interest ratio is presently 0.1 days.

SemiLEDs Price Performance

NASDAQ:LEDS remained flat at $1.25 during mid-day trading on Friday. 758 shares of the company’s stock were exchanged, compared to its average volume of 32,128. SemiLEDs has a 12-month low of $0.92 and a 12-month high of $2.29. The stock has a market capitalization of $9 million, a PE ratio of -2.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.40 and a current ratio of 0.94. The firm’s 50 day moving average is $1.27 and its two-hundred day moving average is $1.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on SemiLEDs in a research note on Saturday. They issued a “sell” rating on the stock.

View Our Latest Stock Analysis on SemiLEDs

SemiLEDs Company Profile

(Get Free Report)

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.

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