Short Interest in WISeKey International Holding AG (NASDAQ:WKEY) Expands By 396.0%

WISeKey International Holding AG (NASDAQ:WKEY - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 247,000 shares, an increase of 396.0% from the May 15th total of 49,800 shares. Approximately 4.6% of the company's shares are short sold. Based on an average daily volume of 151,900 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On WISeKey International

A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in shares of WISeKey International in the 4th quarter valued at $1,037,000. Finer Wealth Management Inc. acquired a new position in WISeKey International in the fourth quarter valued at $448,000. SBI Securities Co. Ltd. grew its position in WISeKey International by 62.1% during the first quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company's stock valued at $68,000 after acquiring an additional 6,623 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in WISeKey International during the first quarter worth about $45,000. 0.33% of the stock is currently owned by hedge funds and other institutional investors.

WISeKey International Stock Down 3.1%

WKEY traded down $0.22 during midday trading on Thursday, hitting $6.80. The company's stock had a trading volume of 168,957 shares, compared to its average volume of 920,211. WISeKey International has a 52-week low of $1.61 and a 52-week high of $14.00. The firm has a 50-day moving average price of $5.03 and a two-hundred day moving average price of $5.71. The company has a quick ratio of 1.81, a current ratio of 1.96 and a debt-to-equity ratio of 0.62.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WKEY. Wall Street Zen raised shares of WISeKey International from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. HC Wainwright reissued a "buy" rating and set a $4.00 price target on shares of WISeKey International in a research note on Wednesday, April 23rd.

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.