Pasqal Holding SA (NASDAQ:PSQL) Stock Short Interest Report for October

Pasqal Holding SA (NASDAQ:PSQL) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 810,194 shares, an increase of 159.4% from the September 30th total of 312,336 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,043,331 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Pasqal in a report on Friday. They issued an “overweight” rating and a $12.00 price objective for the company. Benchmark raised Pasqal to a “strong-buy” rating in a research report on Tuesday, October 6th. Roth Capital assumed coverage on shares of Pasqal in a report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 target price on the stock. Wall Street Zen upgraded Pasqal to a “sell” rating in a research report on Saturday. Finally, UBS Group set a $16.00 price objective on Pasqal in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Pasqal currently has a consensus rating of “Buy” and an average price target of $16.00.

Pasqal Price Performance

Shares of NASDAQ:PSQL traded down $0.01 during midday trading on Friday, hitting $5.23. The stock had a trading volume of 779,236 shares, compared to its average volume of 721,468. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.22 and a quick ratio of 2.04. Pasqal has a 12 month low of $5.04 and a 12 month high of $24.69.

Pasqal Company Profile

Pasqal is a quantum computing company headquartered in France that develops neutral-atom quantum processors and related software. Its systems use individually controlled atoms as qubits, with the aim of addressing complex computational problems that are difficult to solve with conventional computers.

The company provides access to its quantum computing technology through cloud-based platforms and works with customers and research organizations on applications including optimization, molecular and materials simulation, energy, logistics, finance, and machine learning.