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

SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 110,300 shares, an increase of 3,985.2% from the October 31st total of 2,700 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily volume of 227,400 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of SemiLEDs in a report on Wednesday. They issued a “sell” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 about 5.24% of SemiLEDs at the end of the most recent quarter. 76.29% of the stock is currently owned by institutional investors.

SemiLEDs Stock Performance

Shares of LEDS opened at $1.28 on Thursday. SemiLEDs has a 1 year low of $0.92 and a 1 year high of $2.29. The company’s 50 day simple moving average is $1.23 and its 200 day simple moving average is $1.32. The company has a market capitalization of $9.22 million, a price-to-earnings ratio of -2.72 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.40 and a current ratio of 0.94.

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.