Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 2,650,000 shares, a decrease of 18.7% from the June 30th total of 3,260,000 shares. Based on an average daily volume of 968,800 shares, the short-interest ratio is currently 2.7 days. Currently, 4.1% of the company’s stock are short sold.
Quantum Computing Stock Performance
Shares of QUBT stock traded up $0.06 during trading hours on Friday, reaching $0.74. The company had a trading volume of 1,564,220 shares, compared to its average volume of 1,247,063. The company has a market capitalization of $67.28 million, a P/E ratio of -2.38 and a beta of 1.77. Quantum Computing has a twelve month low of $0.35 and a twelve month high of $1.63. The stock’s fifty day simple moving average is $0.65 and its 200 day simple moving average is $0.79.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last issued its quarterly earnings data on Tuesday, June 11th. The company reported ($0.08) EPS for the quarter. The business had revenue of $0.03 million for the quarter.
Hedge Funds Weigh In On Quantum Computing
Quantum Computing Company Profile
Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.
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