Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Down 14.2% in January

Arqit Quantum Inc. (NASDAQ:ARQQW) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 33,929 shares, a decline of 14.2% from the January 15th total of 39,539 shares. Based on an average daily trading volume, of 30,679 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 30,679 shares, the short-interest ratio is currently 1.1 days.

Arqit Quantum Trading Up 5.9%

NASDAQ:ARQQW opened at $0.17 on Tuesday. The stock has a fifty day moving average price of $0.21 and a 200 day moving average price of $0.40. Arqit Quantum has a 12-month low of $0.10 and a 12-month 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.