Arqit Quantum Inc. (NASDAQ:ARQQW – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,443 shares, a drop of 66.3% from the May 14th total of 16,133 shares. Based on an average trading volume of 71,999 shares, the days-to-cover ratio is presently 0.1 days.
Arqit Quantum Trading Up 7.0%
Shares of Arqit Quantum stock opened at $0.06 on Thursday. The company’s fifty day simple moving average is $0.09 and its 200-day simple moving average is $0.17. Arqit Quantum has a 1-year low of $0.05 and a 1-year high of $1.97.
About Arqit Quantum
Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.
Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.
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