Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 151,676 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 509,697 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analyst Weigh In
Separately, Roth Capital initiated coverage on shares of Pasqal in a research note on Wednesday, September 9th. They set a “buy” rating and a $20.00 target price for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pasqal currently has a consensus rating of “Buy” and an average target price of $20.00.
Get Our Latest Stock Report on PSQL
Pasqal Price Performance
Pasqal is a quantum computing company focused on developing neutral-atom quantum processors and related software. Its technology uses individually controlled atoms as quantum bits, or qubits, with the goal of supporting scalable quantum computing for complex computational problems.
The company develops quantum hardware, control systems and software tools that enable customers and researchers to access and program its systems. Its offerings are intended for applications including optimization, quantum simulation, machine learning and other scientific or industrial workloads.
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