Short Interest in SemiLEDs Co. (NASDAQ:LEDS) Declines By 6.6%
SemiLEDs Co. (NASDAQ:LEDS) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 59,500 shares, a decrease of 6.6% from the September 15th total of 63,700 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 302,300 shares, the days-to-cover ratio is currently 0.2 days.
Separately, ValuEngine upgraded SemiLEDs from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.
SemiLEDs stock opened at $2.71 on Friday. The stock has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $2.72. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.09 and a quick ratio of 0.56. SemiLEDs has ...