SEALSQ Corp. (NASDAQ:LAES) Sees Large Growth in Short Interest

Key Points

• Short interest surge: As of April 15 short interest rose 20.2% to 20,586,796 shares (about 10.7% of shares sold short), with a short-interest ratio of 1.3 days based on average daily volume.
• Insider selling: VP Jean‑Pierre Enguent and CFO John O'Hara sold shares in April under pre‑arranged Rule 10b5‑1 plans, and insiders have sold 125,250 shares totaling $331,928 over the past 90 days.
• Valuation and outlook: LAES trades near $2.64 (52‑week range $1.99–$8.71), reported -$0.04 EPS last quarter with consensus -0.17 EPS for the year, and carries a mixed analyst consensus ("Hold") with an average price target of $6.00.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 20,586,796 shares, a growth of 20.2% from the March 31st total of 17,126,667 shares. Based on an average trading volume of 16,278,116 shares, the short-interest ratio is currently 1.3 days. Currently, 10.7% of the company's shares are sold short.

Insider Activity at SEALSQ

In other news, VP Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $2.20, for a total transaction of $33,000.00. Following the completion of the sale, the vice president owned 15,000 shares of the company's stock, valued at approximately $33,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Charles O'hara sold 10,000 shares of SEALSQ stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $3.06, for a total transaction of $30,600.00. Following the sale, the chief financial officer directly owned 296,095 shares of the company's stock, valued at $906,050.70. This represents a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 125,250 shares of company stock valued at $331,928 in the last ninety days.

Hedge Funds Weigh In On SEALSQ

A number of large investors have recently bought and sold shares of LAES. Blue Trust Inc. bought a new position in SEALSQ in the fourth quarter worth approximately $26,000. Wells Fargo & Company MN bought a new position in SEALSQ in the fourth quarter worth approximately $27,000. IFP Advisors Inc increased its position in shares of 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 purchasing an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of SEALSQ by 172.2% during the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company's stock worth $36,000 after purchasing an additional 5,969 shares in the last quarter. Finally, A&I Financial Services LLC acquired a new position in shares of SEALSQ during the third quarter worth $40,000. Institutional investors own 1.25% of the company's stock.

SEALSQ Price Performance

Shares of NASDAQ:LAES opened at $2.64 on Thursday. SEALSQ has a 52 week low of $1.99 and a 52 week high of $8.71. The firm has a 50 day moving average of $3.13 and a 200 day moving average of $4.20.

SEALSQ (NASDAQ:LAES - Get Free Report) last issued its quarterly earnings data on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The company had revenue of $6.71 million for the quarter. Equities research analysts predict that SEALSQ will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LAES shares. Maxim Group set a $8.00 price target on shares of SEALSQ in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of SEALSQ from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Cantor Fitzgerald decreased their price target on shares of SEALSQ from $7.00 to $4.00 and set an "overweight" rating for the company in a research note on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of SEALSQ in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.00.

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.

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