Arqit Quantum Inc. (NASDAQ:ARQQW) Sees Large Increase in Short Interest

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,600 shares, an increase of 766.7% from the March 31st total of 300 shares. Based on an average daily trading volume, of 7,700 shares, the short-interest ratio is presently 0.3 days.

Arqit Quantum Stock Performance

Shares of ARQQW traded up $0.01 during trading hours on Thursday, hitting $0.17. The stock had a trading volume of 4,610 shares, compared to its average volume of 9,034. The firm has a 50 day simple moving average of $0.20 and a 200-day simple moving average of $0.14. Arqit Quantum has a 1-year low of $0.04 and a 1-year high of $0.50.

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.