Short Interest in Arqit Quantum Inc. (NASDAQ:ARQQ) Grows By 47.7%

Arqit Quantum Inc. (NASDAQ:ARQQ) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 222,300 shares, a growth of 47.7% from the October 31st total of 150,500 shares. Based on an average daily trading volume, of 233,300 shares, the short-interest ratio is currently 1.0 days. Currently, 5.5% of the shares of the stock are sold short.

Arqit Quantum Price Performance

Arqit Quantum stock opened at $19.98 on Friday. The company’s fifty day moving average price is $7.55 and its 200 day moving average price is $8.26. Arqit Quantum has a 1 year low of $3.72 and a 1 year high of $23.00.

Institutional Trading of Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC purchased a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum at the end of the most recent quarter. Hedge funds and other institutional investors own 16.60% of the company’s stock.

About Arqit Quantum

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.