Arqit Quantum Inc. (NASDAQ:ARQQW) Sees Large Increase in Short Interest

Arqit Quantum Inc. (NASDAQ:ARQQW) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 2,600 shares, an increase of 766.7% from the March 31st total of 300 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is presently 0.3 days.

Arqit Quantum Stock Up 3.0 %

ARQQW stock traded up $0.01 during mid-day trading on Thursday, hitting $0.17. The company had a trading volume of 4,610 shares, compared to its average volume of 9,034. Arqit Quantum has a 12-month low of $0.04 and a 12-month high of $0.50. The company has a 50-day moving average price of $0.20 and a 200 day moving average price of $0.14.

Arqit Quantum Company Profile

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.