Arqit Quantum Inc. (NASDAQ:ARQQ) Short Interest Up 14.9% in October

Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 150,500 shares, an increase of 14.9% from the October 15th total of 131,000 shares. Based on an average daily volume of 110,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 3.9% of the company's stock are sold short.

Hedge Funds Weigh In On Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC bought a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned 0.06% of Arqit Quantum as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 16.60% of the company's stock.

Arqit Quantum Trading Down 18.5 %

Shares of ARQQ stock traded down $1.80 during trading on Friday, reaching $7.92. The company's stock had a trading volume of 286,212 shares, compared to its average volume of 73,004. Arqit Quantum has a 1-year low of $3.72 and a 1-year high of $23.00. The stock's 50-day moving average price is $6.23 and its 200 day moving average price is $8.06.

Arqit Quantum Company Profile

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.