Short Interest in Arqit Quantum Inc. (NASDAQ:ARQQW) Drops By 20.9%

Arqit Quantum Inc. (NASDAQ:ARQQW) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 32,714 shares, a decrease of 20.9% from the February 26th total of 41,376 shares. Based on an average trading volume of 16,942 shares, the days-to-cover ratio is presently 1.9 days.

Arqit Quantum Price Performance

ARQQW opened at $0.14 on Tuesday. The company has a 50-day moving average of $0.16 and a 200-day moving average of $0.37. Arqit Quantum has a 1-year low of $0.10 and a 1-year high of $3.24.

Arqit Quantum Company Profile

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.