WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) Short Interest Update

Key Points

• Short interest rose 16.1% in April to 521,123 shares—about 9.6% of the company's shares are sold short, with a days-to-cover ratio of 5.4 based on average daily volume.
• Several institutional firms (including XTX Topco, Dynamic Technology Lab, Jump Financial, Two Sigma and Jane Street) opened small new positions, yet institutional ownership remains very low at about 0.33% of the stock.
• Analyst sentiment is mixed—Weiss Ratings reiterated a "sell (d-)," the consensus is "Hold" (two Buys, one Sell) with a $10.50 price target—the stock trades near $6.99 (50‑day MA $6.91, 200‑day MA $8.36) after reporting a $0.06 per‑share loss and $7.0M in quarterly revenue.

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY - Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 521,123 shares, an increase of 16.1% from the March 31st total of 448,828 shares. Approximately 9.6% of the company's shares are sold short. Based on an average daily trading volume, of 96,881 shares, the days-to-cover ratio is currently 5.4 days.

Institutional Investors Weigh In On WISeKey International

A number of institutional investors have recently added to or reduced their stakes in WKEY. XTX Topco Ltd purchased a new position in WISeKey International in the 2nd quarter valued at about $81,000. Dynamic Technology Lab Private Ltd purchased a new position in WISeKey International in the 4th quarter valued at about $107,000. Jump Financial LLC purchased a new position in WISeKey International in the 4th quarter valued at about $113,000. Two Sigma Investments LP purchased a new position in WISeKey International in the 3rd quarter valued at about $186,000. Finally, Jane Street Group LLC purchased a new position in WISeKey International in the 4th quarter valued at about $251,000. Institutional investors and hedge funds own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of WISeKey International in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.50.

WISeKey International Price Performance

NASDAQ WKEY opened at $6.99 on Friday. The stock's fifty day moving average price is $6.91 and its 200 day moving average price is $8.36. WISeKey International has a 1 year low of $3.75 and a 1 year high of $19.80.

WISeKey International (NASDAQ:WKEY - Get Free Report) last announced its quarterly earnings results on Thursday, April 2nd. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $7.00 million during the quarter.

WISeKey International Company Profile

WISeKey International SA is a Swiss-based cybersecurity and digital identity company specializing in secure authentication and encryption solutions. The firm develops and deploys public key infrastructure (PKI) technologies, digital certificates and secure semiconductors to safeguard online transactions, data and communications. Its offerings encompass hardware security modules, digital vault services and cybersecurity software designed to protect devices, applications and networks against digital threats.

Founded in 1999 by Carlos Moreira, WISeKey has evolved into a provider of Internet of Things (IoT) security, embedding cryptographic capabilities directly into chips for smart cards, mobile devices and industrial sensors.

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