Quantum-Si incorporated (NASDAQ:QSI) Sees Significant Growth in Short Interest

Quantum-Si incorporated (NASDAQ:QSI) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 9,090,000 shares, a growth of 76.8% from the November 15th total of 5,140,000 shares. Currently, 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,960,000 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Quantum-Si

Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in Quantum-Si by 11.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 59,727 shares of the company’s stock valued at $118,000 after purchasing an additional 5,945 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Quantum-Si by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after acquiring an additional 10,811 shares during the last quarter. XTX Topco Ltd increased its holdings in Quantum-Si by 81.3% during the 3rd quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after acquiring an additional 19,651 shares in the last quarter. Green Alpha Advisors LLC raised its position in Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after acquiring an additional 45,796 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Quantum-Si in the third quarter valued at about $53,000. 39.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on QSI shares. HC Wainwright raised their target price on Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Canaccord Genuity Group reduced their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

Quantum-Si Stock Down 2.1 %

QSI stock traded down $0.04 on Thursday, reaching $1.88. 12,863,885 shares of the company’s stock were exchanged, compared to its average volume of 2,895,312. Quantum-Si has a twelve month low of $0.61 and a twelve month high of $2.58. The stock has a fifty day moving average of $1.00 and a 200-day moving average of $1.05. The firm has a market cap of $268.30 million, a PE ratio of -3.23 and a beta of 3.20.

About Quantum-Si

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.