SEALSQ Corp (NASDAQ:LAES) Short Interest Up 191.6% in March

SEALSQ Corp (NASDAQ:LAESGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 874,900 shares, an increase of 191.6% from the March 15th total of 300,000 shares. Based on an average daily volume of 5,580,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.4% of the company’s shares are short sold.

SEALSQ Trading Down 3.9 %

LAES stock traded down $0.05 during midday trading on Friday, reaching $1.22. The stock had a trading volume of 346,402 shares, compared to its average volume of 5,354,605. The business has a fifty day simple moving average of $1.94 and a two-hundred day simple moving average of $1.64. 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 twelve month low of $0.91 and a twelve month high of $28.50.

Hedge Funds Weigh In On SEALSQ

A hedge fund recently bought a new stake in SEALSQ stock. BlackRock Inc. bought a new position in shares of SEALSQ Corp (NASDAQ:LAESFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,928 shares of the company’s stock, valued at approximately $29,000. 1.25% of the stock is owned by institutional investors and hedge funds.

About SEALSQ

(Get Free Report)

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.

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