WISeKey International Holding AG (NASDAQ:WKEY) Sees Significant Decrease in Short Interest

WISeKey International Holding AG (NASDAQ:WKEY) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 125,800 shares, a drop of 24.6% from the February 28th total of 166,900 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On WISeKey International

A number of large investors have recently made changes to their positions in the business. Bank of Montreal Can purchased a new position in shares of WISeKey International in the 4th quarter valued at approximately $1,037,000. Finer Wealth Management Inc. bought a new position in WISeKey International in the fourth quarter worth $448,000. Finally, SBI Securities Co. Ltd. purchased a new position in WISeKey International during the fourth quarter valued at $97,000. 0.33% of the stock is currently owned by institutional investors.

WISeKey International Trading Down 0.5 %

WKEY opened at $3.93 on Tuesday. WISeKey International has a 12 month low of $1.61 and a 12 month high of $14.00. The business’s 50-day moving average price is $5.79 and its 200-day moving average price is $4.70. The company has a current ratio of 1.96, a quick ratio of 1.81 and a debt-to-equity ratio of 0.62.

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.