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

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

WISeKey International Price Performance

WKEY stock opened at $7.45 on Friday. The stock’s fifty day simple moving average is $6.88 and its two-hundred day simple moving average is $8.35. WISeKey International has a 1-year low of $3.26 and a 1-year high of $19.80.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On WISeKey International

Several institutional investors and hedge funds have recently bought and sold shares of WKEY. XTX Topco Ltd bought a new position in WISeKey International during the 2nd quarter worth approximately $81,000. Dynamic Technology Lab Private Ltd bought a new position in WISeKey International during the 4th quarter worth approximately $107,000. Jump Financial LLC bought a new position in WISeKey International during the 4th quarter worth approximately $113,000. Two Sigma Investments LP bought a new position in WISeKey International during the 3rd quarter worth approximately $186,000. Finally, Jane Street Group LLC bought a new position in WISeKey International during the 4th quarter worth approximately $251,000. 0.33% of the stock is currently owned by institutional investors.

About WISeKey International

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.