Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Grows By 15.9%

Rigetti Computing, Inc. (NASDAQ:RGTIWGet Rating) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 37,200 shares, an increase of 15.9% from the January 31st total of 32,100 shares. Based on an average trading volume of 48,200 shares, the days-to-cover ratio is presently 0.8 days.

Rigetti Computing Stock Performance

Shares of RGTIW stock opened at $0.10 on Friday. The firm’s 50 day moving average price is $0.12 and its 200-day moving average price is $0.22. Rigetti Computing has a one year low of $0.04 and a one year high of $2.20.

Institutional Investors Weigh In On Rigetti Computing

Large investors have recently added to or reduced their stakes in the business. Farallon Capital Management LLC purchased a new stake in Rigetti Computing during the 1st quarter worth approximately $31,000. Spring Creek Capital LLC purchased a new stake in Rigetti Computing during the 1st quarter worth approximately $47,000. Soros Fund Management LLC purchased a new stake in Rigetti Computing during the 2nd quarter worth approximately $32,000. Jane Street Group LLC purchased a new stake in Rigetti Computing during the 1st quarter worth approximately $68,000. Finally, Sculptor Capital LP purchased a new stake in shares of Rigetti Computing in the 1st quarter valued at approximately $96,000.

Rigetti Computing Company Profile

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Rigetti Computing, Inc operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.

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