Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 18,544 shares, a growth of 61.9% from the August 15th total of 11,453 shares. Based on an average daily trading volume, of 56,749 shares, the short-interest ratio is presently 0.3 days.
Rigetti Computing Stock Up 8.4%
Rigetti Computing stock opened at $6.72 on Friday. Rigetti Computing has a twelve month low of $4.61 and a twelve month high of $46.78. The stock’s fifty day simple moving average is $6.65 and its 200-day simple moving average is $7.94.
About Rigetti Computing
Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.
At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.
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