WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) Sees Large Decline in Short Interest

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 448,828 shares, a decline of 15.5% from the March 15th total of 531,433 shares. Based on an average daily volume of 109,914 shares, the short-interest ratio is presently 4.1 days. Currently, 8.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On WISeKey International

Several institutional investors have recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in WISeKey International in the 4th quarter worth about $113,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of WISeKey International during the 4th quarter worth approximately $107,000. Jane Street Group LLC acquired a new position in shares of WISeKey International during the 4th quarter worth approximately $251,000. Two Sigma Investments LP acquired a new position in shares of WISeKey International during the 3rd quarter worth approximately $186,000. Finally, XTX Topco Ltd acquired a new position in shares of WISeKey International during the 2nd quarter worth approximately $81,000. 0.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of WISeKey International in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.

WISeKey International Trading Down 3.6%

WKEY stock opened at $7.45 on Friday. WISeKey International has a 12-month low of $3.26 and a 12-month high of $19.80. The business’s 50-day moving average is $6.88 and its 200 day moving average is $8.34.

WISeKey International (NASDAQ:WKEY) last posted its quarterly earnings data on Thursday, April 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $6.48 million during the quarter. Research analysts expect that WISeKey International will post -8.17 earnings per share for the current year.

WISeKey International Company Profile

WISeKey International SA is a Swiss-based cybersecurity and digital identity company specializing in secure authentication and encryption solutions. The firm develops and deploys public key infrastructure (PKI) technologies, digital certificates and secure semiconductors to safeguard online transactions, data and communications. Its offerings encompass hardware security modules, digital vault services and cybersecurity software designed to protect devices, applications and networks against digital threats.

Founded in 1999 by Carlos Moreira, WISeKey has evolved into a provider of Internet of Things (IoT) security, embedding cryptographic capabilities directly into chips for smart cards, mobile devices and industrial sensors.