Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Declines By 29.5%

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 18,590 shares, a decrease of 29.5% from the March 31st total of 26,361 shares. Based on an average daily trading volume, of 163,229 shares, the days-to-cover ratio is presently 0.1 days.

Rigetti Computing Price Performance

NASDAQ RGTIW opened at $7.40 on Tuesday. The business’s fifty day moving average price is $6.98 and its 200-day moving average price is $13.28. Rigetti Computing has a 1-year low of $2.82 and a 1-year high of $46.78.

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.