SEALSQ Corp (NASDAQ:LAES) Sees Significant Growth in Short Interest

SEALSQ Corp (NASDAQ:LAES) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 12,270,000 shares, a growth of 19.4% from the January 15th total of 10,280,000 shares. Based on an average trading volume of 45,840,000 shares, the short-interest ratio is presently 0.3 days. Approximately 46.8% of the company’s shares are short sold.

SEALSQ Trading Down 9.1 %

Shares of NASDAQ LAES traded down $0.33 on Monday, hitting $3.31. The company had a trading volume of 11,624,291 shares, compared to its average volume of 39,329,840. The company has a debt-to-equity ratio of 3.55, a current ratio of 3.58 and a quick ratio of 3.20. SEALSQ has a 12-month low of $0.29 and a 12-month high of $11.00. The business has a 50 day moving average of $4.34 and a two-hundred day moving average of $1.83.

Hedge Funds Weigh In On SEALSQ

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in shares of SEALSQ during the fourth quarter valued at about $84,000. SBI Securities Co. Ltd. acquired a new stake in SEALSQ during the 4th quarter valued at approximately $707,000. Bravias Capital Group LLC purchased a new stake in SEALSQ during the 4th quarter worth approximately $141,000. HUB Investment Partners LLC acquired a new position in shares of SEALSQ in the 4th quarter valued at approximately $115,000. Finally, Geode Capital Management LLC purchased a new position in shares of SEALSQ during the 4th quarter valued at approximately $79,000. Hedge funds and other institutional investors own 1.25% of the company’s stock.

SEALSQ Company Profile

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.