SemiLEDs Co. (NASDAQ:LEDS) Short Interest Update

SemiLEDs Co. (NASDAQ:LEDS) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 51,900 shares, an increase of 429.6% from the May 15th total of 9,800 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 50,400 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on shares of SemiLEDs in a research note on Thursday, May 22nd. They set a “sell” rating on the stock.

SemiLEDs Stock Down 5.0%

Shares of NASDAQ:LEDS opened at $2.83 on Thursday. The business’s 50 day simple moving average is $2.39 and its two-hundred day simple moving average is $1.88. The firm has a market cap of $23.21 million, a P/E ratio of -8.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $3.16.

SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings data on Thursday, April 10th. The semiconductor company reported $0.05 earnings per share for the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%. The firm had revenue of $10.87 million for the quarter.

Institutional Inflows and Outflows

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

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.