Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 33,065 shares, a growth of 77.9% from the April 15th total of 18,590 shares. Based on an average daily volume of 94,219 shares, the days-to-cover ratio is currently 0.4 days.
Rigetti Computing Trading Down 7.1%
Shares of RGTIW stock traded down $0.51 during trading on Tuesday, reaching $6.65. The company’s stock had a trading volume of 12,482 shares, compared to its average volume of 121,120. The stock’s 50-day moving average price is $7.21 and its 200 day moving average price is $11.00. Rigetti Computing has a 1-year low of $3.60 and a 1-year 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.
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