Quantum-Si incorporated (NASDAQ:QSI) Short Interest Up 23.6% in March

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 20,570,000 shares, an increase of 23.6% from the March 15th total of 16,640,000 shares. Approximately 15.4% of the shares of the company are short sold. Based on an average trading volume of 13,130,000 shares, the days-to-cover ratio is currently 1.6 days.

Insider Buying and Selling

In related news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $1.39, for a total value of $32,952.73. Following the completion of the transaction, the chief executive officer now directly owns 2,646,716 shares of the company's stock, valued at approximately $3,678,935.24. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 36,650 shares of company stock valued at $50,944. 30.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QSI. Rhumbline Advisers lifted its position in Quantum-Si by 3.7% during the fourth quarter. Rhumbline Advisers now owns 148,946 shares of the company's stock valued at $402,000 after purchasing an additional 5,298 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Quantum-Si by 12.4% in the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company's stock worth $182,000 after purchasing an additional 7,470 shares in the last quarter. Mariner LLC increased its position in shares of Quantum-Si by 29.1% during the 4th quarter. Mariner LLC now owns 33,439 shares of the company's stock valued at $90,000 after purchasing an additional 7,540 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Quantum-Si by 29.4% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 33,902 shares of the company's stock valued at $92,000 after buying an additional 7,704 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Quantum-Si by 13.9% in the 4th quarter. Wells Fargo & Company MN now owns 71,980 shares of the company's stock worth $194,000 after buying an additional 8,802 shares during the last quarter. Hedge funds and other institutional investors own 39.90% of the company's stock.

Quantum-Si Stock Performance

Quantum-Si stock traded up $0.01 during midday trading on Friday, hitting $1.23. 2,782,548 shares of the company's stock were exchanged, compared to its average volume of 9,702,800. The company has a market cap of $224.35 million, a P/E ratio of -1.91 and a beta of 2.71. The stock has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.52. Quantum-Si has a 52-week low of $0.61 and a 52-week high of $5.77.

Analyst Ratings Changes

Several equities analysts have recently weighed in on QSI shares. Alliance Global Partners reiterated a "buy" rating on shares of Quantum-Si in a research report on Wednesday, March 5th. National Bankshares set a $3.65 price target on Quantum-Si in a research report on Wednesday, March 5th. Finally, HC Wainwright restated a "buy" rating and issued a $5.50 price objective on shares of Quantum-Si in a research report on Tuesday, January 14th.

About Quantum-Si

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.