SemiLEDs Co. (NASDAQ:LEDS) Short Interest Up 5.6% in September

SemiLEDs Co. (NASDAQ:LEDS) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 15,000 shares, a growth of 5.6% from the September 15th total of 14,200 shares. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on SemiLEDs in a research note on Thursday, October 10th. They issued a “sell” rating on the stock.

SemiLEDs Trading Up 2.5 %

Shares of NASDAQ LEDS opened at $1.23 on Wednesday. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.29. The company has a 50-day moving average of $1.29 and a two-hundred day moving average of $1.38. The company has a market cap of $8.85 million, a PE ratio of -2.62 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35.

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.