SEALSQ Corp (NASDAQ:LAES - Get Free Report) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 12,270,000 shares, an increase of 19.4% from the January 15th total of 10,280,000 shares. Approximately 46.8% of the shares of the company are short sold. Based on an average daily volume of 45,840,000 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On SEALSQ
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC purchased a new position in SEALSQ in the 4th quarter valued at $79,000. Private Advisor Group LLC acquired a new position in SEALSQ during the fourth quarter worth about $84,000. HUB Investment Partners LLC purchased a new stake in SEALSQ during the 4th quarter valued at about $115,000. Bravias Capital Group LLC purchased a new position in SEALSQ in the 4th quarter worth approximately $141,000. Finally, Millennium Management LLC purchased a new stake in shares of SEALSQ in the fourth quarter valued at approximately $535,000. Hedge funds and other institutional investors own 1.25% of the company's stock.
SEALSQ Stock Performance
Shares of NASDAQ LAES traded up $0.34 during midday trading on Wednesday, reaching $3.36. The company had a trading volume of 18,945,311 shares, compared to its average volume of 39,389,121. SEALSQ has a 1 year low of $0.29 and a 1 year high of $11.00. The business's 50-day simple moving average is $4.40 and its 200 day simple moving average is $1.85. The company has a current ratio of 3.58, a quick ratio of 3.20 and a debt-to-equity ratio of 3.55.
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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