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

SEALSQ Corp (NASDAQ:LAES) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,530,000 shares, a growth of 13.3% from the September 15th total of 1,350,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 9.3% of the shares of the company are short sold.

SEALSQ Stock Up 4.7 %

LAES stock opened at $0.45 on Thursday. The firm has a 50 day moving average of $0.49 and a 200-day moving average of $0.82. The company has a debt-to-equity ratio of 3.55, a quick ratio of 3.20 and a current ratio of 3.58. SEALSQ has a 12 month low of $0.29 and a 12 month high of $3.95.

Wall Street Analyst Weigh In

Separately, Maxim Group cut their target price on shares of SEALSQ from $2.25 to $1.75 and set a “buy” rating for the company in a research report on Friday, September 27th.

Institutional Investors Weigh In On SEALSQ

A hedge fund recently bought a new stake in SEALSQ stock. Anson Funds Management LP bought a new position in SEALSQ Corp (NASDAQ:LAES) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 649,533 shares of the company’s stock, valued at approximately $1,007,000. Anson Funds Management LP owned 3.83% of SEALSQ as of its most recent SEC filing. 1.25% of the stock is owned by institutional investors.

SEALSQ Company Profile

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.