Short Interest in WISeKey International Holding AG (NASDAQ:WKEY) Increases By 22.1%

WISeKey International Holding AG (NASDAQ:WKEY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 49,800 shares, a growth of 22.1% from the April 30th total of 40,800 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 157,100 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

WKEY has been the topic of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $4.00 target price on shares of WISeKey International in a research report on Wednesday, April 23rd. Wall Street Zen upgraded WISeKey International from a “sell” rating to a “hold” rating in a report on Saturday, May 24th.

WISeKey International Stock Up 13.1%

WISeKey International stock opened at $6.84 on Wednesday. WISeKey International has a 12 month low of $1.61 and a 12 month high of $14.00. The company’s fifty day simple moving average is $4.66 and its 200-day simple moving average is $5.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.81 and a current ratio of 1.96.

Hedge Funds Weigh In On WISeKey International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. raised its holdings in WISeKey International by 62.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company’s stock worth $68,000 after acquiring an additional 6,623 shares during the period. GAMMA Investing LLC acquired a new position in shares of WISeKey International during the first quarter valued at about $45,000. Finer Wealth Management Inc. bought a new stake in shares of WISeKey International in the fourth quarter valued at about $448,000. Finally, Bank of Montreal Can bought a new stake in shares of WISeKey International in the fourth quarter valued at about $1,037,000. Institutional investors and hedge funds own 0.33% of the company’s stock.

About WISeKey International

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.