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

Arqit Quantum Inc. (NASDAQ:ARQQ) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 150,500 shares, a growth of 14.9% from the October 15th total of 131,000 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 110,300 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Arqit Quantum

An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum as of its most recent filing with the Securities and Exchange Commission. 16.60% of the stock is owned by institutional investors.

Arqit Quantum Stock Down 18.5 %

Shares of Arqit Quantum stock opened at $7.92 on Friday. Arqit Quantum has a 1-year low of $3.72 and a 1-year high of $23.00. The firm’s 50-day moving average price is $6.23 and its two-hundred day moving average price is $8.06.

About Arqit Quantum

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.