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

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 41,376 shares, an increase of 36.9% from the February 12th total of 30,231 shares. Based on an average trading volume of 29,921 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 29,921 shares, the short-interest ratio is currently 1.4 days.

Arqit Quantum Price Performance

ARQQW opened at $0.13 on Friday. The company’s 50 day simple moving average is $0.17 and its two-hundred day simple moving average is $0.37. Arqit Quantum has a 1-year low of $0.10 and a 1-year 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.