Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Rises By 350.0%
increase of 33.7% from the April 30th total of 16,200 shares. Based on an average daily volume of 48,400 shares, the short-interest ratio is presently 0.4 days. This stock has a short interest ratio of 0.4 days, meaning that it takes less than one day to cover all shorted shares.
( ) has seen a substantial increase in short-term interest during the month May. On May 15th there were 21,600 shorted shares. This is a 350.0% increase from the 4,800 shares on April 30th. Short selling is currently 0.7% of company stock. The days-tocover ratio, based on an average daily share volume of 14,700 shares is currently 1.5 days.
SemiLEDs Price Performance
On Thursday, the stock rose $0.90 to $2.93. The company's shares were traded at a volume of 7,374,661, compared to the average of 96,876. The stock's fifty-day moving is $2.04, and its 200-day moving is $2.12. SemiLEDs' low for the past twelve months is $1.49, and its high for that same period is $4.28. The last time ) released its results was on Wednesday 12th April. The semiconductor company posted ($0.11) per share earnings for the first quarter. SemiLEDs reported a negative margin of 49.66%, and a return on equity of 96.64%. During the quarter, revenue was $1.15million.
Analyst Upgrades and downgrades
In a research report published on Thursday, SemiLEDs was covered. They gave the company a rating of'sell'.
Hedge Funds weigh in on SemiLEDs
Recently, several large investors increased or decreased their stakes. Millennium Management LLC increased their stake in SemiLEDs during the fourth quarter by 113.8%. Millennium Management LLC owns 29,441 of the stock of the semiconductor company, worth $47,000. This is after purchasing an additional 15,668 during the previous quarter. Bank of America Corp DE purchased a new SemiLEDs stake during the first quarter, valued at around $59,000. Citadel Advisors LLC purchased a new SemiLEDs position during the third quarter, valued at approximately $29,000. Hedge funds and institutional investors own 1.20%.
SemiLEDs
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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, system lighting, and commercial, industrial, and residential lighting.
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