Short Interest in WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) Increases By 26.7%

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) was the recipient of a significant growth in short interest during 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. Based on an average daily volume of 281,874 shares, the days-to-cover ratio is presently 1.7 days. Approximately 8.9% of the shares of the stock are sold short. Approximately 8.9% of the shares of the stock are sold short. Based on an average daily volume of 281,874 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WISeKey International stock. XTX Topco Ltd bought a new stake in WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,303 shares of the company’s stock, valued at approximately $81,000. XTX Topco Ltd owned 0.15% of WISeKey International at the end of the most recent quarter. 0.33% of the stock is owned by hedge funds and other institutional investors.

WISeKey International Stock Down 1.1%

NASDAQ:WKEY opened at $7.94 on Wednesday. The company has a quick ratio of 5.96, a current ratio of 6.05 and a debt-to-equity ratio of 0.01. The business has a 50 day simple moving average of $10.01 and a 200-day simple moving average of $7.55. WISeKey International has a 1 year low of $2.50 and a 1 year high of $19.80.

Wall Street Analysts Forecast Growth

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

About WISeKey International

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.