WISeKey International Holding AG (NASDAQ:WKEY) Short Interest Up 396.0% in May

WISeKey International Holding AG (NASDAQ:WKEY) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 247,000 shares, an increase of 396.0% from the May 15th total of 49,800 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average trading volume of 151,900 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On WISeKey International

A number of large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in WISeKey International by 62.1% in the first quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company’s stock valued at $68,000 after buying an additional 6,623 shares during the last quarter. GAMMA Investing LLC purchased a new stake in WISeKey International in the first quarter valued at approximately $45,000. Finer Wealth Management Inc. purchased a new stake in WISeKey International in the fourth quarter valued at approximately $448,000. Finally, Bank of Montreal Can purchased a new stake in WISeKey International in the fourth quarter valued at approximately $1,037,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

Analysts Set New Price Targets

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

WISeKey International Stock Performance

WKEY opened at $7.02 on Thursday. WISeKey International has a 52-week low of $1.61 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.81 and a current ratio of 1.96. The firm’s 50-day moving average price is $5.03 and its 200-day moving average price is $5.71.

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.