Arqit Quantum Inc. (NASDAQ:ARQQ) Sees Significant Increase in Short Interest

Arqit Quantum Inc. (NASDAQ:ARQQ) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 222,300 shares, an increase of 47.7% from the October 31st total of 150,500 shares. Based on an average daily trading volume, of 233,300 shares, the days-to-cover ratio is currently 1.0 days. Approximately 5.5% of the shares of the company are sold short.

Arqit Quantum Stock Performance

ARQQ traded up $2.08 during midday trading on Friday, reaching $19.98. The company had a trading volume of 453,274 shares, compared to its average volume of 105,020. The business has a 50-day moving average of $7.27 and a two-hundred day moving average of $8.20. Arqit Quantum has a 1 year low of $3.72 and a 1 year high of $23.00.

Institutional Trading of Arqit Quantum

An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC purchased a new position in Arqit Quantum Inc. (NASDAQ:ARQQ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum as of its most recent SEC filing. 16.60% of the stock is owned by hedge funds and other institutional investors.

About Arqit Quantum

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.