SemiLEDs Co. (NASDAQ:LEDS) Sees Significant Decrease in Short Interest

SemiLEDs Co. (NASDAQ:LEDS) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 103,000 shares, a decline of 41.4% from the February 13th total of 175,900 shares. Approximately 4.4% of the company’s shares are short sold. Based on an average daily trading volume, of 233,000 shares, the short-interest ratio is presently 0.4 days.

SemiLEDs Stock Up 3.4 %

Shares of NASDAQ:LEDS opened at $1.80 on Friday. SemiLEDs has a 1 year low of $0.92 and a 1 year high of $2.48. The business has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $1.40. The firm has a market capitalization of $12.98 million, a PE ratio of -5.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25.

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

Institutional Trading of SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC lifted its position in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,716 shares of the semiconductor company’s stock after purchasing an additional 27,016 shares during the period. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 at the end of the most recent quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on SemiLEDs in a research report on Tuesday. They set 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.