SEALSQ Corp (LAES) is experiencing a decline in its stock price today, which may be attributed to a significant increase in short interest. The short interest in SEALSQ has surged by 279.75% from the previous month, with 9 million shares currently sold short, representing 40.71% of the float. This heightened short interest suggests that a substantial number of investors are betting against the stock, potentially exerting downward pressure on its price. Additionally, the short interest ratio stands at 0.4 days to cover, indicating a high level of short-selling activity relative to the average trading volume.
The current price of SEALSQ Corp (LAES) is $8.07, reflecting a decrease of 6.92% from its previous close of $8.67.