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Arqit Quantum Inc. (NASDAQ:ARQQW) Sees Significant Drop in Short Interest

Financial News Live ·  Apr 1, 2023 08:51

Arqit Quantum Inc. (NASDAQ:ARQQW – Get Rating) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 8,900 shares, a decline of 11.0% from the February 28th total of 10,000 shares. Based on an average daily volume of 32,800 shares, the short-interest ratio is presently 0.3 days.

Arqit Quantum Price Performance

Shares of Arqit Quantum stock opened at $0.37 on Friday. The stock has a 50-day moving average price of $0.39. Arqit Quantum has a fifty-two week low of $0.25 and a fifty-two week high of $5.23.

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Hedge Funds Weigh In On Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Two Sigma Investments LP acquired a new stake in Arqit Quantum Inc. (NASDAQ:ARQQW – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 61,000 shares of the company's stock, valued at approximately $31,000.

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