WISeKey International Holding AG (NASDAQ:WKEY) Sees Significant Decrease in Short Interest

WISeKey International Holding AG (NASDAQ:WKEY) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 42,300 shares, a decrease of 39.0% from the March 31st total of 69,400 shares. Based on an average daily trading volume, of 245,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.8% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of WISeKey International in a report on Wednesday, April 23rd.

WISeKey International Price Performance

NASDAQ WKEY opened at $3.77 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.96 and a quick ratio of 1.81. The business has a 50 day simple moving average of $4.21 and a 200 day simple moving average of $4.91. WISeKey International has a 52-week low of $1.61 and a 52-week high of $14.00.

Institutional Investors Weigh In On WISeKey International

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in WISeKey International in the 1st quarter worth $45,000. Finer Wealth Management Inc. bought a new position in shares of WISeKey International during the fourth quarter worth about $448,000. Bank of Montreal Can acquired a new stake in WISeKey International in the 4th quarter valued at approximately $1,037,000. Finally, SBI Securities Co. Ltd. bought a new stake in WISeKey International in the 4th quarter valued at approximately $97,000. Institutional investors own 0.33% of the company’s stock.

WISeKey International Company Profile

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates in two segments, IoT and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services.