Arqit Quantum Inc. (NASDAQ:ARQQW – Get Free Report) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 900 shares, a decrease of 47.1% from the February 29th total of 1,700 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is presently 0.1 days.
Arqit Quantum Price Performance
ARQQW opened at $0.21 on Friday. The business’s fifty day moving average is $0.17 and its 200-day moving average is $0.14. Arqit Quantum has a 52-week low of $0.04 and a 52-week high of $0.50.
Institutional Investors Weigh In On Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Two Sigma Investments LP purchased a new stake in Arqit Quantum Inc. (NASDAQ:ARQQW – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 61,000 shares of the company’s stock, valued at approximately $31,000.
About Arqit Quantum
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.
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