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

WISeKey International Holding AG (NASDAQ:WKEY) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 41,100 shares, a decrease of 68.6% from the August 15th total of 131,100 shares. Based on an average daily volume of 58,900 shares, the short-interest ratio is currently 0.7 days.

WISeKey International Stock Up 1.4 %

Shares of WKEY stock traded up $0.03 during trading on Friday, reaching $2.22. The company’s stock had a trading volume of 14,154 shares, compared to its average volume of 72,436. WISeKey International has a one year low of $1.35 and a one year high of $3.44. The business has a fifty day moving average price of $2.16 and a 200-day moving average price of $2.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.59.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of WISeKey International in a research note 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.