SemiLEDs Co. (NASDAQ:LEDS) Sees Large Growth in Short Interest

SemiLEDs Co. (NASDAQ:LEDS) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 15,000 shares, an increase of 5.6% from the September 15th total of 14,200 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 16,600 shares, the days-to-cover ratio is presently 0.9 days.

SemiLEDs Stock Up 3.3 %

LEDS stock opened at $1.25 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.40. The stock has a market capitalization of $9.00 million, a price-to-earnings ratio of -2.66 and a beta of 1.01. The business’s fifty day moving average price is $1.29 and its two-hundred day moving average price is $1.38. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on SemiLEDs in a report on Friday. They issued a “sell” rating for the company.

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.