SEALSQ Corp. (NASDAQ:LAES – Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 14,760,000 shares, an increase of 47.7% from the May 15th total of 9,990,000 shares. Based on an average daily trading volume, of 10,420,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 13.7% of the shares of the company are short sold.
Hedge Funds Weigh In On SEALSQ
Several hedge funds and other institutional investors have recently bought and sold shares of LAES. LaSalle St. Investment Advisors LLC acquired a new stake in shares of SEALSQ during the 1st quarter worth approximately $39,000. Geode Capital Management LLC acquired a new stake in shares of SEALSQ during the 4th quarter worth approximately $79,000. Private Advisor Group LLC acquired a new stake in shares of SEALSQ during the 4th quarter worth approximately $84,000. HUB Investment Partners LLC acquired a new stake in shares of SEALSQ during the 4th quarter worth approximately $115,000. Finally, Bravias Capital Group LLC acquired a new stake in shares of SEALSQ during the 4th quarter worth approximately $141,000. Institutional investors and hedge funds own 1.25% of the company’s stock.
SEALSQ Trading Down 5.1%
Shares of NASDAQ:LAES opened at $3.76 on Wednesday. SEALSQ has a twelve month low of $0.29 and a twelve month high of $11.00. The company’s 50 day moving average is $2.97 and its 200 day moving average is $3.34. The company has a current ratio of 6.00, a quick ratio of 5.91 and a debt-to-equity ratio of 0.04.
SEALSQ Company Profile
SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.
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