Short Interest in WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) Expands By 38.7%

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 254,600 shares, an increase of 38.7% from the September 30th total of 183,600 shares. Approximately 4.7% of the shares of the stock are short sold. Based on an average trading volume of 223,600 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 223,600 shares, the days-to-cover ratio is presently 1.1 days. Approximately 4.7% of the shares of the stock are short sold.

WISeKey International Stock Performance

Shares of WISeKey International stock opened at $13.78 on Tuesday. WISeKey International has a one year low of $1.61 and a one year high of $19.80. The company has a current ratio of 6.05, a quick ratio of 5.96 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $7.66 and its 200 day moving average price is $6.41.

Institutional Investors Weigh In On WISeKey International

An institutional investor recently raised its position in WISeKey International stock. SBI Securities Co. Ltd. boosted its holdings in shares of WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) by 62.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,281 shares of the company’s stock after acquiring an additional 6,623 shares during the quarter. SBI Securities Co. Ltd. owned about 0.21% of WISeKey International worth $68,000 at the end of the most recent quarter. Institutional investors own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

WKEY has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of WISeKey International in a research report on Wednesday, October 8th. Wall Street Zen downgraded WISeKey International from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Maxim Group raised their target price on WISeKey International from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, HC Wainwright raised their target price on WISeKey International from $4.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.50.

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.