Rigetti Computing, Inc. (NASDAQ:RGTIW) Stock Short Interest Declines 67.8%

Rigetti Computing, Inc. (NASDAQ:RGTIW) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 3,781 shares, a drop of 67.8% from the October 15th total of 11,738 shares. Based on an average daily trading volume, of 78,544 shares, the days-to-cover ratio is currently 0.0 days.

Rigetti Computing Trading Down 20.4%

Shares of Rigetti Computing stock traded down $0.40 during trading on Friday, reaching $1.54. The company’s stock had a trading volume of 118,388 shares, compared to its average volume of 122,754. The business’s 50-day moving average price is $4.54 and its 200-day moving average price is $7.06. Rigetti Computing has a 52 week low of $1.25 and a 52 week high of $18.74.

About Rigetti Computing

Rigetti Computing, Inc. develops quantum computers and related software for commercial, research and government applications. The company uses superconducting qubits and combines quantum processors with classical computing systems to support hybrid computing workflows. Its offerings include quantum processing units, on-premises quantum systems and access to quantum computers through its cloud platform, which lets users develop and run quantum applications. Rigetti also provides software and services for programming and operating its systems.