Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Grows By 100.3%

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 7,262 shares, an increase of 100.3% from the January 29th total of 3,626 shares. Based on an average daily trading volume, of 177,244 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 177,244 shares, the days-to-cover ratio is currently 0.0 days.

Rigetti Computing Stock Up 16.8%

NASDAQ:RGTIW opened at $8.77 on Friday. The business’s 50-day moving average price is $10.43 and its 200 day moving average price is $14.83. Rigetti Computing has a 52-week low of $2.13 and a 52-week high of $46.78.

Rigetti Computing Company Profile

Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.

At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.