SemiLEDs Co. (NASDAQ:LEDS) Short Interest Down 5.6% in June

SemiLEDs Co. (NASDAQ:LEDS) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 86,300 shares, a decline of 5.6% from the May 30th total of 91,400 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 99,500 shares, the days-to-cover ratio is currently 0.9 days.

Shares of SemiLEDs stock traded up $0.03 on Tuesday, reaching $2.68. The stock had a trading volume of 85 shares, compared to its average volume of 106,971. The business has a 50-day moving average price of $2.97. The company has a current ratio of 1.21, a quick ratio of 0.69 and a debt-to-equity ratio of 1.47. SemiLEDs has a fifty-two week low of $2.46 and a fifty-two week high of $5.57.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings data on Wednesday, July 10th. The semiconductor company reported ($0.24) earnings per share for the quarter. The firm had revenue of $1.75 million during the quarter. SemiLEDs had a negative return on equity of 90.34% and a negative net margin of 60.58%.

SemiLEDs Company Profile

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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