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

SemiLEDs Co. (NASDAQ:LEDS) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 2,700 shares, a growth of 58.8% from the October 15th total of 1,700 shares. Based on an average daily trading volume, of 179,700 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

SemiLEDs Stock Performance

SemiLEDs stock opened at $1.21 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 cap of $8.71 million, a price-to-earnings ratio of -2.70 and a beta of 1.02. The firm has a 50 day simple moving average of $1.24 and a 200-day simple moving average of $1.34. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.29.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new stake in SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 reporting period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of SemiLEDs in a report on Monday, November 11th. They set a “sell” rating on the stock.

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.