Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Drops By 18.5%

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 26,361 shares, a decline of 18.5% from the March 15th total of 32,329 shares. Based on an average daily volume of 102,004 shares, the short-interest ratio is presently 0.3 days.

Rigetti Computing Stock Performance

Shares of RGTIW traded up $0.25 during trading hours on Friday, hitting $9.38. The stock had a trading volume of 154,875 shares, compared to its average volume of 128,950. The firm has a 50-day moving average price of $6.74 and a 200 day moving average price of $14.35. Rigetti Computing has a fifty-two week low of $2.48 and a fifty-two 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.