IQM Quantum Computers (NASDAQ:IQMX) Short Interest Update

IQM Quantum Computers (NASDAQ:IQMX) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 732,734 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average trading volume of 812,262 shares, the short-interest ratio is currently 0.9 days. Approximately 3.2% of the company’s stock are short sold.

IQM Quantum Computers Price Performance

Shares of IQMX stock traded down $0.79 on Friday, hitting $9.80. 160,707 shares of the stock traded hands, compared to its average volume of 551,861. IQM Quantum Computers has a 1-year low of $9.95 and a 1-year high of $15.10.

Wall Street Analyst Weigh In

Separately, Rothschild & Co Redburn started coverage on shares of IQM Quantum Computers in a research report on Monday. They issued a “neutral” rating and a $12.88 target price for the company. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.88.

About IQM Quantum Computers

IQM Quantum Computers is a quantum computing company focused on developing superconducting quantum processors, quantum computers, and related software and services. The company works to make quantum technology available for research institutions, enterprises, and other organizations seeking to explore and apply quantum computing in practical settings.

Founded in Finland, IQM has positioned itself as a European developer in the quantum computing industry. Its offerings are centered on full-stack quantum computing solutions, including hardware, control systems, and cloud-based access to quantum resources, with an emphasis on helping customers experiment with and build quantum applications.

The company serves customers and collaborators in Europe and other international markets through its commercial and research relationships.