Rigetti Computing, Inc. (NASDAQ:RGTIW) Short Interest Update

Rigetti Computing, Inc. (NASDAQ:RGTIW) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 18,544 shares, an increase of 61.9% from the August 15th total of 11,453 shares. Based on an average daily volume of 56,749 shares, the days-to-cover ratio is currently 0.3 days.

Rigetti Computing Stock Up 10.9%

Rigetti Computing stock traded up $0.68 during mid-day trading on Thursday, hitting $6.88. The company’s stock had a trading volume of 68,040 shares, compared to its average volume of 127,494. Rigetti Computing has a 52-week low of $4.61 and a 52-week high of $46.78. The firm’s 50 day moving average is $6.66 and its 200 day moving average is $7.94.

Rigetti Computing Company Profile

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.