Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 815,505 shares, an increase of 120.3% from the June 15th total of 370,155 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 2,044,449 shares, the days-to-cover ratio is currently 0.4 days.
Analyst Ratings Changes
A number of research firms have recently weighed in on HQ. Needham & Company LLC assumed coverage on Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 target price on the stock. Weiss Ratings upgraded shares of Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen raised Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Horizon Quantum Computing Pte. has an average rating of “Hold” and an average target price of $20.00.
View Our Latest Research Report on HQ
Horizon Quantum Computing Pte. Trading Up 14.8%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The quantum computing company reported ($0.09) EPS for the quarter.
About Horizon Quantum Computing Pte.
Horizon Quantum Holdings Ltd. is a quantum software infrastructure company focused on tools and systems that help developers build and deploy quantum applications. The company emphasizes software, algorithms, and workflow infrastructure intended to support practical quantum and hybrid quantum-classical use cases.
Horizon Quantum became a public company through its business combination with dMY Squared Technology Group, Inc (DMYY), which was formed to take a private company public through a business combination.
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