Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Declines By 32.2%

Rigetti Computing, Inc. (NASDAQ:RGTIW) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,332 shares, a decrease of 32.2% from the December 31st total of 4,912 shares. Based on an average daily volume of 94,953 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 94,953 shares, the days-to-cover ratio is currently 0.0 days.

Rigetti Computing Stock Down 17.7%

RGTIW traded down $1.65 during trading on Friday, hitting $7.69. 182,501 shares of the stock traded hands, compared to its average volume of 119,950. Rigetti Computing has a twelve month low of $2.13 and a twelve month high of $46.78. The business has a 50 day moving average price of $13.37 and a 200 day moving average price of $14.85.

About Rigetti Computing

Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.

At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.