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

SEALSQ Corp (NASDAQ:LAES - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 9,990,000 shares, an increase of 33.7% from the April 30th total of 7,470,000 shares. Based on an average daily volume of 10,750,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 9.3% of the company's stock are sold short.

SEALSQ Price Performance

LAES stock traded down $0.06 during mid-day trading on Thursday, reaching $3.47. The company had a trading volume of 1,839,617 shares, compared to its average volume of 15,686,530. The firm has a fifty day simple moving average of $2.75 and a 200 day simple moving average of $3.11. The company has a debt-to-equity ratio of 3.55, a current ratio of 3.58 and a quick ratio of 3.20. SEALSQ has a fifty-two week low of $0.29 and a fifty-two week high of $11.00.

Institutional Investors Weigh In On SEALSQ

A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of SEALSQ during the first quarter worth $1,365,000. Rafferty Asset Management LLC purchased a new stake in SEALSQ during the 1st quarter worth about $530,000. Virtu Financial LLC acquired a new position in shares of SEALSQ during the 1st quarter worth about $359,000. LaSalle St. Investment Advisors LLC purchased a new position in shares of SEALSQ in the 1st quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. lifted its stake in SEALSQ by 25.8% during the first quarter. SBI Securities Co. Ltd. now owns 144,561 shares of the company's stock worth $376,000 after purchasing an additional 29,625 shares during the last quarter. 1.25% of the stock is owned by hedge funds and other institutional investors.

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.