WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) Sees Significant Increase in Short Interest
WISeKey International Holding Ltd. (NASDAQ:WKEY) experienced a significant increase in short interest, rising 38.7% to 254,600 shares by October 15th. This represents approximately 4.7% of the company's stock. The short-interest ratio is currently 1.1 days based on an average trading volume of 223,600 shares. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a price target of $10.50. WISeKey's stock opened at $17.00, with a 12-month range of $1.61 to $19.80.
WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY - Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 254,600 shares, a growth of 38.7% from the September 30th total of 183,600 shares. Approximately 4.7% of the company's stock are short sold. Based on an average daily volume of 223,600 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 223,600 shares, the short-interest ratio is currently 1.1 days. Approximately 4.7% of the company's stock are short sold.
Get WISeKey International alerts:
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on WKEY shares. Weiss Ratings reissued a "sell (d-)" rating on shares of WISeKey International in a research report on Wednesday, October 8th. Maxim Group boosted their target price on shares of WISeKey International from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. HC Wainwright boosted their target price on shares of WISeKey International from $4.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Finally, Wall Street Zen downgraded shares of WISeKey International from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, WISeKey International presently has a consensus rating of "Hold" and a consensus price target of $10.50.
Read Our Latest Stock Analysis on WKEY
WISeKey International Stock Performance
Shares of NASDAQ WKEY opened at $17.00 on Monday. WISeKey International has a 12-month low of $1.61 and a 12-month high of $19.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.05 and a quick ratio of 5.96. The stock's 50 day simple moving average is $7.50 and its 200 day simple moving average is $6.34.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in WISeKey International stock. XTX Topco Ltd bought a new position in WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,303 shares of the company's stock, valued at approximately $81,000. XTX Topco Ltd owned about 0.15% of WISeKey International at the end of the most recent quarter. Hedge funds and other institutional investors own 0.33% of the company's stock.
About WISeKey International
(Get Free Report)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.
Recommended Stories
- Five stocks we like better than WISeKey International
- Asset Allocation Strategies in Volatile Markets
- Is Lemonade Stock Set for a Big Squeeze After Earnings?
- How to Buy Cheap Stocks Step by Step
- Caterpillar Stock Could Top $650 by Year’s End
- What Investors Need to Know to Beat the Market
- ServiceNow’s 5-for-1 Split Is a Signal for Investors to Buy
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in WISeKey International Right Now?
Before you consider WISeKey International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WISeKey International wasn't on the list.
While WISeKey International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
