Arqit Quantum Inc. (NASDAQ:ARQQ) Short Interest Update

Arqit Quantum Inc. (NASDAQ:ARQQ) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 150,500 shares, a growth of 14.9% from the October 15th total of 131,000 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 110,300 shares, the short-interest ratio is currently 1.4 days.

Arqit Quantum Trading Down 18.5 %

Shares of Arqit Quantum stock opened at $7.92 on Monday. The firm has a 50-day simple moving average of $6.23 and a two-hundred day simple moving average of $8.04. Arqit Quantum has a fifty-two week low of $3.72 and a fifty-two week high of $23.00.

Institutional Trading of Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC acquired a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum at the end of the most recent quarter. 16.60% of the stock is currently owned by institutional investors.

Arqit Quantum Company Profile

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.