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

Arqit Quantum Inc. (NASDAQ:ARQQ) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 3,750,000 shares, a drop of 17.4% from the March 31st total of 4,540,000 shares. Approximately 7.5% of the company’s stock are short sold. Based on an average daily trading volume, of 978,100 shares, the short-interest ratio is currently 3.8 days.

Institutional Investors Weigh In On Arqit Quantum

Institutional investors and hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC lifted its stake in shares of Arqit Quantum by 30.4% in the 3rd quarter. Penserra Capital Management LLC now owns 2,220,814 shares of the company’s stock valued at $1,321,000 after purchasing an additional 517,942 shares during the last quarter. Armistice Capital LLC bought a new position in Arqit Quantum in the 3rd quarter worth $1,773,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Arqit Quantum by 150.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,636,216 shares of the company’s stock worth $1,724,000 after acquiring an additional 2,185,402 shares during the period. Institutional investors and hedge funds own 16.60% of the company’s stock.

Arqit Quantum Stock Up 1.9 %

Shares of ARQQ stock traded up $0.01 on Friday, hitting $0.49. The company’s stock had a trading volume of 484,524 shares, compared to its average volume of 850,978. Arqit Quantum has a fifty-two week low of $0.39 and a fifty-two week high of $1.65. The firm’s fifty day moving average price is $0.64 and its 200-day moving average price is $0.54.

Arqit Quantum Company Profile

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.