Quantum-Si incorporated (NASDAQ:QSI) Short Interest Down 21.4% in January

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,590,000 shares, a decrease of 21.4% from the December 31st total of 23,650,000 shares. Currently, 14.5% of the shares of the company are sold short. Based on an average trading volume of 29,290,000 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. HC Wainwright reissued a "buy" rating and issued a $5.50 price target on shares of Quantum-Si in a research note on Tuesday, January 14th. Canaccord Genuity Group decreased their target price on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th.

Insider Transactions at Quantum-Si

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the transaction, the director now directly owns 1,250,000 shares of the company's stock, valued at $4,175,000. This represents a 73.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 30.04% of the company's stock.

Institutional Investors Weigh In On Quantum-Si

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Quantum-Si by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock valued at $2,044,000 after acquiring an additional 145,091 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Quantum-Si by 21.3% in the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company's stock valued at $728,000 after purchasing an additional 47,400 shares during the period. Barclays PLC increased its stake in Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after purchasing an additional 133,438 shares in the last quarter. Green Alpha Advisors LLC increased its stake in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock worth $154,000 after purchasing an additional 45,796 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Quantum-Si by 3.7% during the fourth quarter. Rhumbline Advisers now owns 148,946 shares of the company's stock valued at $402,000 after buying an additional 5,298 shares in the last quarter. 39.90% of the stock is currently owned by institutional investors.

Quantum-Si Stock Up 6.0 %

QSI traded up $0.11 during trading on Tuesday, reaching $1.93. The stock had a trading volume of 6,400,344 shares, compared to its average volume of 35,781,496. Quantum-Si has a 1-year low of $0.61 and a 1-year high of $5.77. The stock has a 50 day moving average of $2.09 and a two-hundred day moving average of $1.33. The firm has a market capitalization of $275.43 million, a price-to-earnings ratio of -3.02 and a beta of 2.70.

About Quantum-Si

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.