Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Expands By 32.2%
March 15th total of 11,500 shares. Based on an average daily volume of 210,000 shares, the short-interest ratio is presently 0.1 days. The company has a market cap of $206.27 million and a PE ratio of -1.95. SemiLEDs Co. had a large growth in short interest in March with 15,200 shares. This is a
( ) was the subject of a significant increase in short interest during March. On March 31, there were 15,200 shares of short interest, an increase of 32.2% over the total of 11,500 on March 15. Around 0.5% of the shares are sold short. The short-interest rate is currently 1.1 days based on an average volume of 13,400 daily shares.
Analyst Upgrades and downgrades
SemiLEDs was the subject of a research report published on Saturday. Recently, hedge funds and institutional investors bought and sold the stock. Citadel Advisors LLC purchased a SemiLEDs position worth $29,000 during the third quarter. Millennium Management LLC increased its position in SemiLEDs shares by 113.8% during the 4th Quarter. Millennium Management LLC owns 29,441 of the stock of the semiconductor company valued at $47,000, after buying an additional 15,668 in the last quarter. Bank of America Corp DE also acquired shares of SemiLEDs during the first quarter, valued at $59,000. Institutional investors and hedge fund own 1.20%.
SemiLEDs Trade Up by 0.4 %
During Wednesday's midday trading, a $0.01 gain was made to $2.06. Stock traded 2,093 shares compared to an average of 13,876. The market capitalization is $10,050,000. It has a P/E ratio of -3.07 with a beta value of 1.12. SemiLEDs's 1-year low is $1.49, and its 1-year high is $4.28. The company's quick ratio is 0.48, its current ratio is 0.93, and its debt-to equity ratio is 0.61. The company's fifty-day moving average is $2.19, and its 200-day moving average is $2.21.
The last time ) released quarterly earnings was on Wednesday, 12th April. The semiconductor company reported a quarterly profit per share of ($0.11). The company had $1.15m in revenue during the quarter. SemiLEDs' negative net margin was 49.66%, and its negative return on equity was 97.64%.
SemiLEDs Company profile
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SemiLEDs Corp. is a company that develops, manufactures, and sells light emitting diode components and chips. The company's products include white, blue, ultraviolet and green LEDs. The company offers LED chips, EF Flipchip LED series LED components, ultraviolet LEDs, and lighting products. The products of the firm are used in general lighting applications such as street lights, commercial and industrial lighting, system lighting, and residential lighting.
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