Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 57,590 shares, a growth of 85.2% from the May 14th total of 31,101 shares. Based on an average daily volume of 402,080 shares, the days-to-cover ratio is currently 0.1 days.
Rigetti Computing Price Performance
RGTIW traded up $1.32 during trading on Monday, reaching $11.91. The stock had a trading volume of 141,597 shares, compared to its average volume of 154,124. The stock’s 50 day moving average is $9.32 and its two-hundred day moving average is $9.94. Rigetti Computing has a one year low of $3.60 and a one 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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