SEALSQ Corp (LAES) saw its stock price decline by 6.11% on January 3, 2025, closing at $8.14 after opening at $7.98. The stock experienced a volatile trading session, reaching a high of $9.33 and a low of $7.82, with a significant trading volume of 44,568,575 shares, which is 146.43% of its average daily volume. The decline in SEALSQ's stock price is largely attributed to a substantial increase in short interest, which surged by 279.75% from the previous month, with 9 million shares sold short, representing 40.71% of the float. This heightened short interest indicates a strong bearish sentiment among investors, exerting downward pressure on the stock.
Despite the negative sentiment from short sellers, SEALSQ announced its participation in the upcoming 2025 CES Show, where it plans to showcase its advanced semiconductor technology. This announcement initially drove some positive momentum, as investors anticipated the potential impact of SEALSQ's innovations on the IoT industry. However, the optimism was overshadowed by the overwhelming short-selling activity.