Breaking News – “Short Alert” Undervalued Cybersecurity Co., Volume Soar in Early Trading
Sekur Private Data Ltd. OTCQX: SWISF | CSE: SKUR
Stock Scanners Indicate a Substantial Short exists Major Buying Opportunity
Cybersecurity is now one of the biggest and fast-growing sectors in the world and for good reason too. As cyber threats become even trickier, businesses, governments, and individuals have to spend even more for adequate cybersecurity. Hence, it is no wonder that investors are taking an interest in the sector and one of the companies which may be worth tracking at this point is Sekur Private Data (OTCQX:SWISF) (CSE:SKUR).
Trading Data
On Wednesday, SWISF stock went down 2.66% to $0.1459 with more than 19K shares, compared to volume of 1.03 million shares. The stock moved within a range of $0.1350 – 0.1716 after opening trade at $0.1716.
The company offers military-grade encryption services that secured data and communication, through servers that are hosted in Switzerland. The company offers a wide range of products starting from secure messengers, encrypted emails, disaster recovery, secure communication tools, secure cloud-based storage, and document management. The company sells its products through its own websites and also uses the services of approved distributors and wholesalers. It also sells through global telecommunications companies.
The company had in fact been in the news yesterday that it had further expanded its ‘chat by invite’ feature that had been launched not too long ago on SekurMessenger. The feature has now been made available in as many as 61 nations and that takes the potential population who could use the feature, to as many as 3.4 billion.
For a company with global ambitions, it was a major new development and it is something that investors are possibly going to keep an eye on over the course of the coming weeks. It could be a good idea to add the Sekur Private Data stock to your watch lists at this point.
Technical Data
SWISF stock is trading below the 20-Day and 50-Day Moving averages of $0.16 and $0.17 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.25.
