Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Up 1,206.7% in August

Arqit Quantum Inc. (NASDAQ:ARQQW) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 19,600 shares, a growth of 1,206.7% from the July 31st total of 1,500 shares. Based on an average daily volume of 10,700 shares, the short-interest ratio is presently 1.8 days.

Arqit Quantum Price Performance

NASDAQ ARQQW opened at $0.27 on Friday. Arqit Quantum has a 12-month low of $0.19 and a 12-month high of $2.23. The firm has a 50-day moving average price of $0.35 and a two-hundred day moving average price of $0.35.

Institutional Trading of Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Two Sigma Investments LP purchased a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQW) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 61,000 shares of the company’s stock, valued at approximately $31,000.

About Arqit Quantum

Arqit supplies a unique quantum safe encryption Platform-as-a-Service which makes the communications links or data at rest of any networked device or cloud machine secure against current and future forms of attack – even from a quantum computer.