WISeKey International Holding AG (NASDAQ:WKEY) Short Interest Up 44.3% in April

WISeKey International Holding AG (NASDAQ:WKEY – Get Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 167,300 shares, a growth of 44.3% from the April 15th total of 115,900 shares. Based on an average daily volume of 355,000 shares, the days-to-cover ratio is currently 0.5 days.

NASDAQ:WKEY opened at $1.47 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.72 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $2.24 and its two-hundred day moving average price is $3.53. WISeKey International has a 52-week low of $1.33 and a 52-week high of $9.37.

A number of research firms have recently issued reports on WKEY. Zacks Investment Research upgraded shares of WISeKey International from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research note on Friday, May 6th. HC Wainwright reduced their price objective on WISeKey International from $11.00 to $4.00 in a research note on Monday, May 2nd.

A number of institutional investors have recently bought and sold shares of WKEY. FinTrust Capital Advisors LLC bought a new stake in WISeKey International during the 3rd quarter worth about $209,000. Credit Suisse AG acquired a new position in WISeKey International in the fourth quarter valued at approximately $121,000. Renaissance Technologies LLC boosted its stake in WISeKey International by 151.4% in the first quarter. Renaissance Technologies LLC now owns 46,500 shares of the company’s stock valued at $119,000 after acquiring an additional 28,000 shares during the last quarter. Morgan Stanley grew its holdings in WISeKey International by 1,093.6% during the 1st quarter. Morgan Stanley now owns 7,663 shares of the company’s stock worth $110,000 after acquiring an additional 7,021 shares during the period. Finally, UBS Group AG raised its position in shares of WISeKey International by 115.3% during the 3rd quarter. UBS Group AG now owns 3,878 shares of the company’s stock valued at $25,000 after acquiring an additional 2,077 shares during the last quarter. Institutional investors and hedge funds own 29.06% of the company’s stock.

About WISeKey International (Get Rating)

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions for the Internet of Things (IoT) and digital identity ecosystems in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates through two segments, IoT and mPKI.

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