SemiLEDs Co. (NASDAQ:LEDS) Short Interest Up 3,985.2% in November

SemiLEDs Co. (NASDAQ:LEDS) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 110,300 shares, an increase of 3,985.2% from the October 31st total of 2,700 shares. Based on an average trading volume of 227,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of SemiLEDs in a report on Wednesday. They issued a “sell” rating for the company.

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 76.29% of the company’s stock.

SemiLEDs Trading Up 1.6 %

Shares of SemiLEDs stock opened at $1.28 on Thursday. The company has a 50-day moving average of $1.23 and a two-hundred day moving average of $1.32. SemiLEDs has a 12-month low of $0.92 and a 12-month high of $2.29. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $9.22 million, a PE ratio of -2.72 and a beta of 1.02.

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.