WISeKey International Holding AG (NASDAQ:WKEY) Short Interest Down 31.7% in May

WISeKey International Holding AG (NASDAQ:WKEY) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 20,900 shares, a drop of 31.7% from the May 15th total of 30,600 shares. Based on an average trading volume of 21,600 shares, the short-interest ratio is currently 1.0 days.

WISeKey International Stock Down 4.4 %

WKEY stock opened at $2.16 on Friday. The company’s 50-day moving average price is $2.07 and its two-hundred day moving average price is $2.16. WISeKey International has a 12 month low of $1.35 and a 12 month high of $5.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.59 and a quick ratio of 1.31.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of WISeKey International in a report on Wednesday, May 22nd.

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.