Rigetti Computing, Inc. (NASDAQ:RGTIW) Short Interest Up 85.2% in May

Rigetti Computing, Inc. (NASDAQ:RGTIW) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 57,590 shares, a growth of 85.2% from the May 14th total of 31,101 shares. Based on an average trading volume of 402,080 shares, the short-interest ratio is presently 0.1 days.

Rigetti Computing Stock Down 13.4%

Shares of RGTIW traded down $1.58 during trading hours on Tuesday, reaching $10.17. The stock had a trading volume of 127,910 shares, compared to its average volume of 155,217. Rigetti Computing has a 12 month low of $3.60 and a 12 month high of $46.78. The company’s 50-day moving average is $9.45 and its two-hundred day moving average is $9.92.

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.