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

WISeKey International Holding AG (NASDAQ:WKEY) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 166,900 shares, a decline of 49.6% from the February 13th total of 330,900 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,310,000 shares, the days-to-cover ratio is presently 0.1 days.

WISeKey International Trading Up 2.4 %

WKEY stock opened at $4.68 on Friday. The company has a fifty day moving average of $6.66 and a 200-day moving average of $4.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.81 and a current ratio of 1.96. WISeKey International has a one year low of $1.61 and a one year high of $14.00.

Institutional Investors Weigh In On WISeKey International

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in WISeKey International in the fourth quarter worth $97,000. Finer Wealth Management Inc. purchased a new stake in WISeKey International during the fourth quarter worth about $448,000. Finally, Bank of Montreal Can acquired a new position in WISeKey International during the fourth quarter worth about $1,037,000. Institutional investors and hedge funds own 0.33% of the company’s stock.

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.