Quantum-Si incorporated (NASDAQ:QSI) Short Interest Up 24.0% in December

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 11,270,000 shares, a growth of 24.0% from the November 30th total of 9,090,000 shares. Approximately 11.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,950,000 shares, the days-to-cover ratio is presently 1.0 days.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. HC Wainwright boosted their target price on Quantum-Si from $4.00 to $5.50 and gave the stock a "buy" rating in a report on Thursday, November 21st.

Quantum-Si Trading Down 18.9 %

Quantum-Si stock traded down $0.63 during midday trading on Tuesday, hitting $2.70. 43,231,980 shares of the stock were exchanged, compared to its average volume of 5,195,960. The stock has a market capitalization of $385.33 million, a price-to-earnings ratio of -4.22 and a beta of 3.20. The stock's 50-day simple moving average is $1.25 and its 200 day simple moving average is $1.07. Quantum-Si has a fifty-two week low of $0.61 and a fifty-two week high of $4.14.

Insider Activity at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company's stock in a transaction 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 sale, the director now owns 1,250,000 shares of the company's stock, valued at $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 30.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Quantum-Si

A number of hedge funds and other institutional investors have recently made changes to their positions in QSI. SG Americas Securities LLC acquired a new stake in shares of Quantum-Si during the 3rd quarter worth about $53,000. XTX Topco Ltd increased its position in shares of Quantum-Si by 81.3% during the third quarter. XTX Topco Ltd now owns 43,812 shares of the company's stock valued at $39,000 after acquiring an additional 19,651 shares during the last quarter. Green Alpha Advisors LLC raised its stake in shares of Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock valued at $154,000 after acquiring an additional 45,796 shares during the period. Barclays PLC lifted its holdings in shares of 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 acquiring an additional 133,438 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 worth $2,044,000 after purchasing an additional 145,091 shares during the period. Institutional investors and hedge funds own 39.90% of the company's stock.

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.