Rigetti Computing, Inc. (NASDAQ:RGTIW) Short Interest Up 100.3% in February

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 7,262 shares, an increase of 100.3% from the January 29th total of 3,626 shares. Based on an average trading volume of 177,244 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 177,244 shares, the short-interest ratio is presently 0.0 days.

Rigetti Computing Price Performance

Rigetti Computing stock traded down $0.73 during trading on Friday, reaching $8.04. The company had a trading volume of 196,154 shares, compared to its average volume of 135,024. The firm’s 50-day simple moving average is $10.34 and its 200 day simple moving average is $14.90. Rigetti Computing has a 52 week low of $2.13 and a 52 week high of $46.78.

Rigetti Computing Company Profile

Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.

At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.