SEALSQ Corp (NASDAQ:LAES) Short Interest Up 47.7% in May

SEALSQ Corp (NASDAQ:LAES) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 14,760,000 shares, a growth of 47.7% from the May 15th total of 9,990,000 shares. Based on an average daily volume of 10,420,000 shares, the short-interest ratio is presently 1.4 days. Approximately 13.7% of the company’s shares are short sold.

SEALSQ Trading Up 0.5%

Shares of NASDAQ:LAES traded up $0.02 during trading hours on Monday, hitting $3.96. 7,882,451 shares of the company’s stock traded hands, compared to its average volume of 16,192,718. The business has a fifty day moving average price of $2.93 and a 200-day moving average price of $3.32. SEALSQ has a 1 year low of $0.29 and a 1 year high of $11.00. The company has a quick ratio of 3.20, a current ratio of 3.58 and a debt-to-equity ratio of 3.55.

Institutional Trading of SEALSQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC bought a new position in shares of SEALSQ in the fourth quarter worth about $79,000. Private Advisor Group LLC purchased a new stake in SEALSQ in the 4th quarter valued at about $84,000. LaSalle St. Investment Advisors LLC bought a new position in SEALSQ in the 1st quarter worth about $39,000. HUB Investment Partners LLC purchased a new position in shares of SEALSQ during the fourth quarter worth approximately $115,000. Finally, Bravias Capital Group LLC bought a new stake in shares of SEALSQ during the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 1.25% of the company’s stock.

SEALSQ Company Profile

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.