Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Declines By 41.4%

SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 103,000 shares, a decrease of 41.4% from the February 13th total of 175,900 shares. Based on an average daily trading volume, of 233,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 4.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of SemiLEDs in a research report on Tuesday, March 11th. They issued a “sell” rating for the company.

SemiLEDs Stock Up 3.4 %

Shares of LEDS opened at $1.80 on Monday. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.48. The company’s fifty day moving average is $1.62 and its two-hundred day moving average is $1.40. The firm has a market cap of $12.98 million, a PE ratio of -5.45 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47.

SemiLEDs (NASDAQ:LEDS) last posted its earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share (EPS) 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 bought a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs as of its most recent filing with the Securities and Exchange Commission (SEC). 76.29% of the stock is owned by institutional investors and hedge funds.

SemiLEDs Company Profile

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.