SEALSQ Corp (NASDAQ:LAES) Short Interest Update

SEALSQ Corp (NASDAQ:LAES) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 9,000,000 shares, a growth of 279.7% from the November 30th total of 2,370,000 shares. Based on an average daily trading volume, of 21,420,000 shares, the short-interest ratio is currently 0.4 days. Approximately 40.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Maxim Group decreased their target price on SEALSQ from $2.25 to $1.75 and set a “buy” rating on the stock in a research note on Friday, September 27th.

SEALSQ Price Performance

LAES traded up $3.29 on Thursday, reaching $8.76. The company had a trading volume of 157,026,062 shares, compared to its average volume of 8,055,933. The company has a current ratio of 3.58, a quick ratio of 3.20 and a debt-to-equity ratio of 3.55. SEALSQ has a 52-week low of $0.29 and a 52-week high of $9.32. The business has a 50 day simple moving average of $0.99 and a 200 day simple moving average of $0.75.

About SEALSQ

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.