Arqit Quantum Inc. (NASDAQ:ARQQW – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 11,816 shares, an increase of 77.8% from the July 30th total of 6,646 shares. Based on an average daily volume of 209,951 shares, the days-to-cover ratio is presently 0.1 days.
Arqit Quantum Price Performance
NASDAQ:ARQQW opened at $0.01 on Monday. Arqit Quantum has a twelve month low of $0.01 and a twelve month high of $1.95. The stock’s 50 day moving average price is $0.03 and its two-hundred day moving average price is $0.08.
Arqit Quantum Company Profile
Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.
Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.
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