IQM Quantum Computers (NASDAQ:IQMX) Short Interest Up ∞ in July

IQM Quantum Computers (NASDAQ:IQMX – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 732,734 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 812,262 shares, the short-interest ratio is presently 0.9 days. Currently, 3.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Rothschild & Co Redburn started coverage on shares of IQM Quantum Computers in a report on Monday. They set a “neutral” rating and a $12.88 target price for the company. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.88.

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IQM Quantum Computers Trading Up 1.0%

Shares of IQM Quantum Computers stock traded up $0.11 during trading hours on Thursday, reaching $10.59. The stock had a trading volume of 200,250 shares, compared to its average volume of 574,608. IQM Quantum Computers has a twelve month low of $10.14 and a twelve month high of $15.10.

IQM Quantum Computers Company Profile

(Get Free Report)

IQM Quantum Computers is a quantum computing company focused on developing superconducting quantum processors, quantum computers, and related software and services. The company works to make quantum technology available for research institutions, enterprises, and other organizations seeking to explore and apply quantum computing in practical settings.

Founded in Finland, IQM has positioned itself as a European developer in the quantum computing industry. Its offerings are centered on full-stack quantum computing solutions, including hardware, control systems, and cloud-based access to quantum resources, with an emphasis on helping customers experiment with and build quantum applications.

The company serves customers and collaborators in Europe and other international markets through its commercial and research relationships.

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