Arqit Quantum Inc. (NASDAQ:ARQQW – Get Rating) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 10,000 shares, a drop of 24.8% from the February 13th total of 13,300 shares. Based on an average trading volume of 41,100 shares, the days-to-cover ratio is currently 0.2 days.

Arqit Quantum Trading Up 4.8 %

Shares of ARQQW stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.27. The stock had a trading volume of 8,563 shares, compared to its average volume of 32,828. The company has a 50 day moving average of $0.42. Arqit Quantum has a one year low of $0.25 and a one year high of $6.30.

Hedge Funds Weigh In On Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Two Sigma Investments LP purchased a new stake in Arqit Quantum Inc. (NASDAQ:ARQQW – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 61,000 shares of the company's stock, valued at approximately $31,000.

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