WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) Sees Significant Decline in Short Interest

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 448,828 shares, a decrease of 15.5% from the March 15th total of 531,433 shares. Based on an average daily trading volume, of 109,914 shares, the days-to-cover ratio is presently 4.1 days. Currently, 8.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of WISeKey International in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, WISeKey International currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Institutional Investors Weigh In On WISeKey International

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in WISeKey International during the fourth quarter valued at about $251,000. Two Sigma Investments LP bought a new stake in WISeKey International during the third quarter valued at about $186,000. Jump Financial LLC bought a new stake in WISeKey International during the fourth quarter valued at about $113,000. Dynamic Technology Lab Private Ltd bought a new stake in WISeKey International during the fourth quarter valued at about $107,000. Finally, XTX Topco Ltd bought a new stake in WISeKey International during the second quarter valued at about $81,000. Institutional investors own 0.33% of the company’s stock.

WISeKey International Stock Up 2.1%

Shares of WKEY stock opened at $7.73 on Friday. WISeKey International has a 1-year low of $3.26 and a 1-year high of $19.80. The stock’s 50-day moving average is $6.88 and its 200 day moving average is $8.33.

WISeKey International (NASDAQ:WKEY) last issued its quarterly earnings data on Thursday, April 2nd. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $6.48 million during the quarter. On average, analysts forecast that WISeKey International will post -8.17 EPS for the current fiscal year.

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.