Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Up 60.5% in January

Arqit Quantum Inc. (NASDAQ:ARQQW) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 39,539 shares, a growth of 60.5% from the December 31st total of 24,640 shares. Based on an average daily volume of 59,348 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 59,348 shares, the days-to-cover ratio is presently 0.7 days.

Arqit Quantum Trading Down 1.5%

NASDAQ ARQQW traded down $0.00 on Friday, reaching $0.16. 19,870 shares of the stock traded hands, compared to its average volume of 45,039. Arqit Quantum has a 12 month low of $0.10 and a 12 month high of $3.24. The company has a fifty day moving average price of $0.25 and a 200-day moving average price of $0.44.

About Arqit Quantum

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.