Rigetti Computing, Inc. (NASDAQ:RGTIW) Sees Large Growth in Short Interest

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 4,912 shares, a growth of 198.6% from the December 15th total of 1,645 shares. Based on an average daily volume of 157,103 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 157,103 shares, the short-interest ratio is currently 0.0 days.

Rigetti Computing Price Performance

NASDAQ RGTIW traded down $0.18 on Thursday, hitting $14.33. 14,633 shares of the company traded hands, compared to its average volume of 92,486. The business’s 50 day moving average price is $14.40 and its 200-day moving average price is $14.16. Rigetti Computing has a 52-week low of $2.13 and a 52-week high of $46.78.

About Rigetti Computing

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.