Short Interest in Arqit Quantum Inc. (NASDAQ:ARQQ) Expands By 14.9%

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

Institutional Trading of Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC bought a new position in Arqit Quantum Inc. (NASDAQ:ARQQ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned 0.06% of Arqit Quantum as of its most recent filing with the Securities & Exchange Commission. 16.60% of the stock is currently owned by hedge funds and other institutional investors.

Arqit Quantum Trading Down 18.5 %

NASDAQ ARQQ opened at $7.92 on Friday. Arqit Quantum has a 12 month low of $3.72 and a 12 month high of $23.00. The stock has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $8.06.

Arqit Quantum Company Profile

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.