Short Interest in Arqit Quantum Inc. (NASDAQ:ARQQW) Drops By 14.2%

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 33,929 shares, a decline of 14.2% from the January 15th total of 39,539 shares. Based on an average trading volume of 30,679 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 30,679 shares, the days-to-cover ratio is presently 1.1 days.

Arqit Quantum Trading Down 1.2%

NASDAQ:ARQQW opened at $0.17 on Wednesday. Arqit Quantum has a twelve month low of $0.10 and a twelve month high of $3.24. The stock has a fifty day simple moving average of $0.21 and a 200-day simple moving average of $0.40.

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.