Short Interest in SEALSQ Corp (NASDAQ:LAES) Expands By 58.9%

SEALSQ Corp (NASDAQ:LAES) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 814,800 shares, a growth of 58.9% from the June 30th total of 512,700 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 292,200 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On SEALSQ

An institutional investor recently bought a new position in SEALSQ stock. Anson Funds Management LP acquired a new position in shares of SEALSQ Corp (NASDAQ:LAES) during the first quarter, according to the company in its most recent disclosure with the SEC. 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 at the end of the most recent reporting period. 1.25% of the stock is owned by hedge funds and other institutional investors.

SEALSQ Stock Performance

SEALSQ stock opened at $0.72 on Friday. SEALSQ has a 52-week low of $0.65 and a 52-week high of $12.20. The company has a quick ratio of 1.72, a current ratio of 2.33 and a debt-to-equity ratio of 2.56. The firm’s fifty day moving average is $0.92 and its 200 day moving average is $1.46.

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.