Quantum-Si incorporated (NASDAQ:QSIAW) Sees Significant Decrease in Short Interest

Quantum-Si incorporated (NASDAQ:QSIAW) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 5,219 shares, a drop of 33.3% from the December 31st total of 7,828 shares. Based on an average daily volume of 13,931 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 13,931 shares, the days-to-cover ratio is presently 0.4 days.

Quantum-Si Trading Down 3.8%

NASDAQ:QSIAW traded down $0.01 during trading hours on Friday, reaching $0.15. 5,570 shares of the stock were exchanged, compared to its average volume of 12,179. The firm has a 50 day simple moving average of $0.23 and a 200-day simple moving average of $0.34. Quantum-Si has a 52 week low of $0.11 and a 52 week high of $1.08.

About Quantum-Si

Quantum-Si, Inc (NASDAQ: QSIAW) is a life sciences company focused on developing a next-generation protein sequencing platform. The company aims to unlock the proteome by enabling single-molecule protein analysis, a capability that promises to advance drug discovery, diagnostic development and molecular biology research. Quantum-Si’s core technology leverages proprietary semiconductor-based nanopore arrays and optical detection to directly sequence proteins and quantify expression patterns with high sensitivity.

Headquartered in Pleasanton, California, Quantum-Si was founded to address limitations in existing proteomics methods, such as mass spectrometry, which can be time-consuming and less sensitive to low-abundance proteins.