Arqit Quantum Inc. (NASDAQ:ARQQW – Get Free Report) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 24,640 shares, a decline of 22.1% from the December 15th total of 31,647 shares. Based on an average daily volume of 165,012 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 165,012 shares, the days-to-cover ratio is currently 0.1 days.
Arqit Quantum Price Performance
NASDAQ ARQQW opened at $0.20 on Friday. The firm has a 50-day moving average price of $0.27 and a two-hundred day moving average price of $0.49. Arqit Quantum has a 12-month low of $0.10 and a 12-month high of $3.25.
About Arqit Quantum
Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.
Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.
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