Short Interest in Arqit Quantum Inc. (NASDAQ:ARQQ) Increases By 54.4%

Key Points

• Arqit Quantum Inc. experienced a significant increase in short interest, rising 54.4% from 484,900 shares to 748,800 shares as of July 15th, indicating heightened bearish sentiment.
• Institutional investors have recently invested over $389,000 collectively in Arqit Quantum, raising their ownership to 16.60% of the company's stock.
• Despite some bullish interest, Arqit Quantum's stock fell 7.1%, with a current price around $34.74 after fluctuating between a one-year low of $3.72 and a high of $52.79.

Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 748,800 shares, agrowthof54.4% from the June 30th total of 484,900 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is currently 0.7 days. Approximately12.1% of the company's shares are short sold. Approximately12.1% of the company's shares are short sold. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is currently 0.7 days.

Arqit Quantum Price Performance

ARQQ traded down $0.01 on Friday, hitting $32.33. 315,789 shares of the company were exchanged, compared to its average volume of 771,635. Arqit Quantum has a 12 month low of $3.72 and a 12 month high of $52.79. The firm has a fifty day simple moving average of $34.44 and a two-hundred day simple moving average of $23.17.

Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share for the quarter. As a group, analysts predict that Arqit Quantum will post -1.39 earnings per share for the current year.

Institutional Investors Weigh In On Arqit Quantum

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARQQ. Penserra Capital Management LLC bought a new stake in shares of Arqit Quantum during the second quarter valued at approximately $26,376,000. SBI Securities Co. Ltd. increased its holdings in shares of Arqit Quantum by 17.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 36,590 shares of the company's stock worth $1,355,000 after purchasing an additional 5,445 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Arqit Quantum by 440.7% in the 1st quarter. Virtu Financial LLC now owns 32,208 shares of the company's stock worth $446,000 after purchasing an additional 26,251 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Arqit Quantum in the fourth quarter worth $1,083,000. Finally, Jane Street Group LLC bought a new position in shares of Arqit Quantum during the fourth quarter valued at $931,000. 16.60% of the stock is owned by hedge funds and other institutional investors.

About Arqit Quantum

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.