Arqit Quantum Inc. (NASDAQ:ARQQW – Get Free Report) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,761 shares, a drop of 49.3% from the May 31st total of 5,443 shares. Based on an average daily volume of 72,096 shares, the days-to-cover ratio is presently 0.0 days.
Arqit Quantum Stock Performance
Arqit Quantum stock opened at $0.06 on Tuesday. Arqit Quantum has a 52 week low of $0.03 and a 52 week high of $1.95. The business’s 50-day simple moving average is $0.08 and its 200-day simple moving average is $0.14.
About Arqit Quantum
Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.
Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.
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