Arqit Quantum Inc. (NASDAQ:ARQQW) Sees Significant Drop in Short Interest

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a decrease of 47.1% from the February 29th total of 1,700 shares. Based on an average daily volume of 7,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Arqit Quantum

An institutional investor recently bought a new position in Arqit Quantum stock. Two Sigma Investments LP acquired a new position in Arqit Quantum Inc. (NASDAQ:ARQQW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 61,000 shares of the company’s stock, valued at approximately $31,000.

Arqit Quantum Price Performance

Shares of NASDAQ:ARQQW opened at $0.21 on Friday. Arqit Quantum has a 12 month low of $0.04 and a 12 month high of $0.50. The company’s 50-day moving average price is $0.17 and its two-hundred day moving average price is $0.14.

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.