WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) Sees Significant Increase in Short Interest

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 483,912 shares, a growth of 26.7% from the November 30th total of 381,971 shares. Currently, 8.9% of the shares of the company are short sold. Based on an average daily trading volume, of 281,874 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 281,874 shares, the short-interest ratio is presently 1.7 days. Currently, 8.9% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WKEY. Maxim Group increased their price target on WISeKey International from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, September 29th. HC Wainwright upped their price objective on shares of WISeKey International from $4.00 to $10.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wall Street Zen lowered shares of WISeKey International from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WISeKey International in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.

WISeKey International Stock Performance

Shares of WISeKey International stock opened at $7.85 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.05 and a quick ratio of 5.96. The firm has a 50-day moving average of $10.00 and a 200-day moving average of $7.55. WISeKey International has a 52-week low of $2.50 and a 52-week high of $19.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WISeKey International stock. Two Sigma Investments LP acquired a new stake in WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 29,320 shares of the company’s stock, valued at approximately $186,000. Two Sigma Investments LP owned about 0.36% of WISeKey International at the end of the most recent reporting period. Institutional investors and hedge funds own 0.33% of the company’s stock.

WISeKey International Company Profile

WISeKey International SA is a Swiss-based cybersecurity and digital identity company specializing in secure authentication and encryption solutions. The firm develops and deploys public key infrastructure (PKI) technologies, digital certificates and secure semiconductors to safeguard online transactions, data and communications. Its offerings encompass hardware security modules, digital vault services and cybersecurity software designed to protect devices, applications and networks against digital threats.

Founded in 1999 by Carlos Moreira, WISeKey has evolved into a provider of Internet of Things (IoT) security, embedding cryptographic capabilities directly into chips for smart cards, mobile devices and industrial sensors.