Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 3,750,000 shares, a decline of 17.4% from the March 31st total of 4,540,000 shares. Based on an average daily trading volume, of 978,100 shares, the short-interest ratio is presently 3.8 days. Currently, 7.5% of the shares of the company are short sold.
Arqit Quantum Stock Performance
Shares of ARQQ stock traded up $0.01 during midday trading on Friday, hitting $0.49. 484,524 shares of the company were exchanged, compared to its average volume of 850,978. The firm’s 50 day moving average price is $0.64 and its two-hundred day moving average price is $0.54. Arqit Quantum has a 52 week low of $0.39 and a 52 week high of $1.65.
Institutional Trading of Arqit Quantum
Hedge funds and other institutional investors have recently modified their holdings of the stock. Armistice Capital LLC bought a new stake in shares of Arqit Quantum during the 3rd quarter worth about $1,773,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Arqit Quantum by 150.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,636,216 shares of the company’s stock valued at $1,724,000 after purchasing an additional 2,185,402 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in Arqit Quantum by 30.4% in the 3rd quarter. Penserra Capital Management LLC now owns 2,220,814 shares of the company’s stock valued at $1,321,000 after purchasing an additional 517,942 shares during the period. Institutional investors own 16.60% of the company’s stock.
About Arqit Quantum
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.
Featured Stories
- Five stocks we like better than Arqit Quantum
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- MarketBeat Week in Review – 4/22 – 4/26
- What Are Dividends? Buy the Best Dividend Stocks
- 3 Stocks Leading the U.S. Agriculture Comeback
- Best Aerospace Stocks Investing
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Arqit Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arqit Quantum and related companies with MarketBeat.com's FREE daily email newsletter.
