WISeKey International Holding AG (NASDAQ:WKEY) Sees Large Increase in Short Interest

WISeKey International Holding AG (NASDAQ:WKEY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 373,300 shares, a growth of 498.2% from the November 30th total of 62,400 shares. Based on an average daily trading volume, of 2,620,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of WISeKey International in a research note on Thursday, October 3rd.

WISeKey International Price Performance

Shares of WKEY opened at $13.00 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.81 and a current ratio of 1.96. The firm’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $2.64. WISeKey International has a twelve month low of $1.61 and a twelve month high of $14.00.

About WISeKey International

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.