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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in SEALSQ during the 4th quarter worth about $84,000. SBI Securities Co. Ltd. purchased a new stake in shares of SEALSQ in the fourth quarter worth about $707,000. Bravias Capital Group LLC acquired a new stake in SEALSQ during the fourth quarter worth about $141,000. HUB Investment Partners LLC purchased a new position in SEALSQ during the fourth quarter valued at approximately $115,000. Finally, Geode Capital Management LLC acquired a new position in SEALSQ in the fourth quarter valued at approximately $79,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

SEALSQ Stock Performance

NASDAQ LAES traded up $0.21 on Friday, hitting $3.46. 5,055,556 shares of the company's stock traded hands, compared to its average volume of 15,726,469. SEALSQ has a 1-year low of $0.29 and a 1-year high of $11.00. The firm's 50-day moving average price is $2.76 and its two-hundred day moving average price is $3.13. The company has a debt-to-equity ratio of 3.55, a quick ratio of 3.20 and a current ratio of 3.58.

About SEALSQ

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.