Short Interest in WISeKey International Holding AG (NASDAQ:WKEY) Drops By 52.4%

WISeKey International Holding AG (NASDAQ:WKEY) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 14,800 shares, a drop of 52.4% from the October 15th total of 31,100 shares. Based on an average daily trading volume, of 67,600 shares, the days-to-cover ratio is currently 0.2 days.

WISeKey International Stock Performance

Shares of WKEY opened at $1.97 on Friday. WISeKey International has a 12 month low of $1.55 and a 12 month high of $3.44. The firm has a fifty day simple moving average of $2.12 and a 200 day simple moving average of $2.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.81 and a current ratio of 1.96.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 target price 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.