Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Update

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 8,756 shares, a drop of 69.4% from the March 31st total of 28,597 shares. Based on an average daily trading volume, of 45,223 shares, the short-interest ratio is presently 0.2 days.

Arqit Quantum Price Performance

NASDAQ:ARQQW opened at $0.11 on Monday. The business’s 50 day moving average is $0.14 and its two-hundred day moving average is $0.27. Arqit Quantum has a 52 week low of $0.10 and a 52 week high of $3.24.

About Arqit Quantum

Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.

Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.