Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Update

Arqit Quantum Inc. (NASDAQ:ARQQW) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 39,539 shares, an increase of 60.5% from the December 31st total of 24,640 shares. Based on an average daily volume of 59,348 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 59,348 shares, the days-to-cover ratio is presently 0.7 days.

Arqit Quantum Stock Performance

NASDAQ ARQQW traded down $0.00 on Friday, reaching $0.16. 19,870 shares of the company were exchanged, compared to its average volume of 45,039. Arqit Quantum has a fifty-two week low of $0.10 and a fifty-two week high of $3.24. The business’s fifty day moving average price is $0.25 and its 200 day moving average price is $0.44.

Arqit Quantum Company Profile

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.