SEALSQ Corp. (NASDAQ:LAES) Short Interest Update

SEALSQ Corp. (NASDAQ:LAES) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 18,189,265 shares, a decrease of 26.9% from the February 26th total of 24,876,865 shares. Based on an average daily trading volume, of 5,492,910 shares, the days-to-cover ratio is presently 3.3 days. Currently, 10.3% of the company’s stock are short sold.

SEALSQ Price Performance

NASDAQ:LAES opened at $2.31 on Tuesday. SEALSQ has a 1 year low of $2.12 and a 1 year high of $8.71. The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $3.84 and its 200 day simple moving average is $4.44.

Analysts Set New Price Targets

Several research firms have commented on LAES. Cantor Fitzgerald assumed coverage on shares of SEALSQ in a research report on Thursday, December 18th. They set an “overweight” rating and a $7.00 target price on the stock. Maxim Group set a $8.00 price target on SEALSQ in a research note on Thursday, January 15th. Zacks Research raised SEALSQ to a “hold” rating in a report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, SEALSQ currently has an average rating of “Hold” and a consensus price target of $7.50.

Insider Buying and Selling at SEALSQ

In related news, CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $2.92, for a total value of $29,200.00. Following the completion of the sale, the chief financial officer owned 165,183 shares of the company’s stock, valued at approximately $482,334.36. The trade was a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 35,000 shares of company stock worth $104,450.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Blue Trust Inc. bought a new stake in shares of SEALSQ in the fourth quarter valued at approximately $26,000. Wells Fargo & Company MN bought a new position in SEALSQ during the fourth quarter worth $27,000. IFP Advisors Inc increased its position in SEALSQ by 51.7% during the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after acquiring an additional 2,945 shares during the period. Farther Finance Advisors LLC raised its stake in SEALSQ by 172.2% during the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after purchasing an additional 5,969 shares during the last quarter. Finally, DKM Wealth Management Inc. acquired a new position in SEALSQ during the 3rd quarter valued at $37,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

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. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions.