Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Down 47.1% in March

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, a drop of 47.1% from the February 29th total of 1,700 shares. Based on an average daily volume of 7,400 shares, the short-interest ratio is presently 0.1 days.

Arqit Quantum Trading Down 6.4 %

Shares of NASDAQ ARQQW opened at $0.22 on Thursday. Arqit Quantum has a 1-year low of $0.04 and a 1-year high of $0.50. The business’s 50 day moving average is $0.17 and its 200-day moving average is $0.14.

Hedge Funds Weigh In On Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Two Sigma Investments LP acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 61,000 shares of the company’s stock, valued at approximately $31,000.

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.