Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Drops By 71.4%

SemiLEDs Co. (NASDAQ:LEDS) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 11,800 shares, a decrease of 71.4% from the December 31st total of 41,300 shares. Based on an average trading volume of 246,500 shares, the short-interest ratio is currently 0.0 days. Approximately 0.4% of the company’s shares are short sold.

SemiLEDs Trading Up 1.8 %

LEDS stock traded up $0.03 during mid-day trading on Tuesday, reaching $1.56. 50,792 shares of the stock traded hands, compared to its average volume of 755,522. The stock’s fifty day moving average is $1.38 and its 200-day moving average is $1.33. The company has a market cap of $11.23 million, a P/E ratio of -4.72 and a beta of 1.08. The company has a current ratio of 0.77, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.48.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to its most recent 13F filing with the SEC. 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 about 5.23% of SemiLEDs at the end of the most recent reporting period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on SemiLEDs in a report on Wednesday, January 22nd. They issued a “sell” rating for the company.

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.