Arqit Quantum Inc. (NASDAQ:ARQQW – Get Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 8,500 shares, an increase of 207.9% from the June 15th total of 2,761 shares. Based on an average daily volume of 104,012 shares, the days-to-cover ratio is currently 0.1 days.
Arqit Quantum Trading Down 5.6%
NASDAQ ARQQW opened at $0.05 on Tuesday. The stock has a 50-day simple moving average of $0.07 and a two-hundred day simple moving average of $0.12. Arqit Quantum has a fifty-two week low of $0.03 and a fifty-two week high of $1.95.
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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