Rigetti Computing, Inc. (NASDAQ:RGTIW) Sees Large Growth in Short Interest

Rigetti Computing, Inc. (NASDAQ:RGTIW) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 456,300 shares, a growth of 1,565.3% from the November 30th total of 27,400 shares. Based on an average daily volume of 492,100 shares, the days-to-cover ratio is currently 0.9 days.

Rigetti Computing Stock Performance

RGTIW traded up $1.57 during trading on Friday, hitting $7.82. 2,423,260 shares of the company’s stock were exchanged, compared to its average volume of 161,304. Rigetti Computing has a fifty-two week low of $0.06 and a fifty-two week high of $8.60. The business’s 50 day moving average is $1.36 and its two-hundred day moving average is $0.55.

About Rigetti Computing

Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.