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

Arqit Quantum Inc. (NASDAQ:ARQQ) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 150,500 shares, an increase of 14.9% from the October 15th total of 131,000 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average trading volume of 110,300 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC acquired a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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. Institutional investors own 16.60% of the company’s stock.

Arqit Quantum Stock Down 18.5 %

NASDAQ:ARQQ opened at $7.92 on Friday. The firm’s 50 day moving average is $6.21 and its two-hundred day moving average is $8.09. Arqit Quantum has a fifty-two week low of $3.72 and a fifty-two week high of $23.00.

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.