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

WISeKey International Holding AG (NASDAQ:WKEY) saw a large growth in short interest in 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 volume of 2,620,000 shares, the short-interest ratio is currently 0.1 days.

WISeKey International Stock Up 31.3 %

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

Analysts Set New Price Targets

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

WISeKey International Company Profile

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.