Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Rating) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 32,100 shares, a growth of 49.3% from the January 15th total of 21,500 shares. Based on an average daily volume of 45,500 shares, the short-interest ratio is currently 0.7 days.

Rigetti Computing Stock Performance

RGTIW stock remained flat at $0.18 during mid-day trading on Monday. The company's stock had a trading volume of 15,811 shares, compared to its average volume of 58,393. Rigetti Computing has a fifty-two week low of $0.04 and a fifty-two week high of $2.23. The company has a fifty day simple moving average of $0.11 and a 200 day simple moving average of $0.26.

Hedge Funds Weigh In On Rigetti Computing

A number of hedge funds have recently added to or reduced their stakes in the stock. LMR Partners LLP lifted its position in shares of Rigetti Computing by 47.2% during the 3rd quarter. LMR Partners LLP now owns 1,395,150 shares of the company's stock worth $2,623,000 after buying an additional 447,037 shares in the last quarter. Walleye Capital LLC lifted its position in shares of Rigetti Computing by 48.1% during the 2nd quarter. Walleye Capital LLC now owns 516,718 shares of the company's stock worth $336,000 after buying an additional 167,910 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of Rigetti Computing during the 1st quarter worth approximately $163,000. Arena Capital Advisors LLC CA bought a new position in shares of Rigetti Computing during the 1st quarter worth approximately $128,000. Finally, Sculptor Capital LP bought a new position in shares of Rigetti Computing during the 1st quarter worth approximately $96,000.

Rigetti Computing Company Profile

Rigetti Computing, Inc operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.

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