Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was the target of a large 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 stock are short sold. Based on an average daily trading volume, of 110,300 shares, the days-to-cover ratio is presently 1.4 days.
ARQQ stock opened at $7.92 on Friday. The company's 50-day moving average price is $6.21 and its 200 day moving average price is $8.09. Arqit Quantum has a 52 week low of $3.72 and a 52 week high of $23.00.
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 reporting period. Institutional investors own 16.60% of the company's stock.
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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