Rigetti Computing, Inc. (NASDAQ:RGTIW) Short Interest Down 82.9% in August

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 11,453 shares, a decline of 82.9% from the July 30th total of 66,839 shares. Based on an average daily trading volume, of 82,012 shares, the short-interest ratio is currently 0.1 days.

Rigetti Computing Price Performance

Shares of NASDAQ:RGTIW traded down $0.52 during trading on Friday, reaching $6.41. 76,679 shares of the company’s stock traded hands, compared to its average volume of 134,271. Rigetti Computing has a 12 month low of $4.61 and a 12 month high of $46.78. The company has a 50 day moving average of $7.24 and a 200-day moving average of $7.96.

Rigetti Computing Company Profile

Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.

At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.