Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Update

Arqit Quantum Inc. (NASDAQ:ARQQW) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 8,500 shares, an increase of 207.9% from the June 15th total of 2,761 shares. Based on an average daily volume of 104,012 shares, the days-to-cover ratio is presently 0.1 days.

Arqit Quantum Stock Performance

ARQQW traded down $0.00 during midday trading on Monday, reaching $0.05. The company’s stock had a trading volume of 6,621 shares, compared to its average volume of 45,651. The company has a fifty day simple moving average of $0.07 and a 200 day simple moving average of $0.12. Arqit Quantum has a twelve month low of $0.03 and a twelve month high of $1.95.

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.