Quantum-Si incorporated (NASDAQ:QSI) Sees Significant Drop in Short Interest

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on QSI. HC Wainwright reissued a "buy" rating and set a $5.50 target price on shares of Quantum-Si in a research report on Tuesday, January 14th. Canaccord Genuity Group cut their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a report on Wednesday, November 13th.

Insiders Place Their Bets

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 shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the completion of the transaction, the director now owns 1,250,000 shares of the company's stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 30.04% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in Quantum-Si during the 2nd quarter worth approximately $25,000. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si during the third quarter valued at approximately $53,000. Green Alpha Advisors LLC lifted its position in shares of Quantum-Si by 35.4% during the third 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. Barclays PLC boosted its stake in shares of Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company's stock valued at $173,000 after purchasing an additional 133,438 shares during the period. Finally, Geode Capital Management LLC grew its holdings in 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 purchasing an additional 145,091 shares in the last quarter. 39.90% of the stock is owned by institutional investors and hedge funds.

Quantum-Si Price Performance

QSI stock traded down $0.15 on Monday, hitting $1.84. 7,876,915 shares of the company were exchanged, compared to its average volume of 37,128,301. The stock has a market capitalization of $261.87 million, a price-to-earnings ratio of -2.87 and a beta of 2.70. Quantum-Si has a twelve month low of $0.61 and a twelve month high of $5.77. The business's fifty day moving average is $2.08 and its two-hundred day moving average is $1.33.

Quantum-Si Company Profile

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.