SemiLEDs Co. (NASDAQ:LEDS – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 22,000 shares, an increase of 494.6% from the June 30th total of 3,700 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 25,000 shares, the short-interest ratio is currently 0.9 days.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on SemiLEDs in a research report on Monday. They set a “sell” rating on the stock.
Check Out Our Latest Report on LEDS
SemiLEDs Trading Up 0.7 %
SemiLEDs (NASDAQ:LEDS – Get Free Report) last announced its earnings results on Monday, July 8th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter. SemiLEDs had a negative net margin of 44.37% and a negative return on equity of 120.86%. The business had revenue of $1.32 million for the quarter.
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.
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