Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 748,800 shares, anincreaseof54.4% from the June 30th total of 484,900 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is currently 0.7 days. Currently,12.1% of the shares of the stock are sold short. Currently,12.1% of the shares of the stock are sold short. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is currently 0.7 days.
Hedge Funds Weigh In On Arqit Quantum
Several large investors have recently modified their holdings of ARQQ. SBI Securities Co. Ltd. raised its holdings in Arqit Quantum by 29.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 31,145 shares of the company's stock valued at $432,000 after buying an additional 7,032 shares during the period. Barclays PLC purchased a new stake in shares of Arqit Quantum in the 4th quarter valued at $39,000. Envestnet Asset Management Inc. acquired a new position in Arqit Quantum during the 4th quarter worth about $420,000. Wells Fargo & Company MN acquired a new position in Arqit Quantum in the 4th quarter valued at about $134,000. Finally, Geode Capital Management LLC purchased a new stake in Arqit Quantum during the fourth quarter worth about $280,000. Institutional investors and hedge funds own 16.60% of the company's stock.
Arqit Quantum Price Performance
Shares of NASDAQ:ARQQ traded down $0.01 during midday trading on Friday, hitting $32.33. The company had a trading volume of 315,789 shares, compared to its average volume of 737,236. Arqit Quantum has a twelve month low of $3.72 and a twelve month high of $52.79. The business's 50-day simple moving average is $34.44 and its 200-day simple moving average is $23.13.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share for the quarter. Equities research analysts expect that Arqit Quantum will post -1.39 EPS for the current fiscal year.
About Arqit Quantum
(
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Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.
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