Short Interest in SEALSQ Corp (NASDAQ:LAES) Rises By 165.6%

SEALSQ Corp (NASDAQ:LAES) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 2,200,000 shares, an increase of 165.6% from the July 31st total of 828,400 shares. Currently, 14.7% of the company’s shares are sold short. Based on an average trading volume of 903,900 shares, the days-to-cover ratio is presently 2.4 days.

SEALSQ Price Performance

LAES traded up $0.02 on Thursday, hitting $0.61. 561,349 shares of the company were exchanged, compared to its average volume of 2,701,797. The firm has a fifty day simple moving average of $0.66 and a two-hundred day simple moving average of $1.18. The company has a debt-to-equity ratio of 2.56, a current ratio of 2.33 and a quick ratio of 1.72. SEALSQ has a 12 month low of $0.29 and a 12 month high of $6.08.

Institutional Investors Weigh In On SEALSQ

A hedge fund recently bought a new stake in SEALSQ stock. Anson Funds Management LP acquired a new position in SEALSQ Corp (NASDAQ:LAES) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 649,533 shares of the company’s stock, valued at approximately $1,007,000. Anson Funds Management LP owned 3.83% of SEALSQ as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.25% of the company’s stock.

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.