Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was the target of a significant 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. Currently, 5.5% of the company's stock are short sold. Based on an average trading volume of 233,300 shares, the days-to-cover ratio is presently 1.0 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC purchased a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 reporting period. 16.60% of the stock is currently owned by institutional investors and hedge funds.
Arqit Quantum Trading Up 11.6 %
Shares of NASDAQ:ARQQ traded up $2.08 during midday trading on Friday, reaching $19.98. 453,274 shares of the company's stock traded hands, compared to its average volume of 105,020. Arqit Quantum has a one year low of $3.72 and a one year high of $23.00. The stock has a 50 day moving average of $7.27 and a 200 day moving average of $8.20.
Arqit Quantum Company Profile
(
Get Free Report)
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.
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