Short Interest in Quantum-Si incorporated (NASDAQ:QSI) Grows By 109.8%

Quantum-Si incorporated (NASDAQ:QSI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 23,650,000 shares, a growth of 109.8% from the December 15th total of 11,270,000 shares. Based on an average daily volume of 25,530,000 shares, the short-interest ratio is currently 0.9 days. Approximately 21.5% of the shares of the company are sold short.

Analyst Ratings Changes

Several research analysts have recently commented on QSI shares. Canaccord Genuity Group decreased their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. HC Wainwright restated a “buy” rating and set a $5.50 target price on shares of Quantum-Si in a research note on Tuesday.

Insiders Place Their Bets

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the transaction, the director now directly owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 30.04% of the company’s stock.

Institutional Trading of Quantum-Si

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in Quantum-Si in the 2nd quarter valued at $25,000. SG Americas Securities LLC purchased a new position in shares of Quantum-Si during the third quarter valued at about $53,000. Green Alpha Advisors LLC increased its holdings in shares of Quantum-Si by 35.4% in the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after purchasing an additional 45,796 shares during the last quarter. Barclays PLC lifted its position in shares of Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after buying an additional 133,438 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Quantum-Si by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after buying an additional 10,811 shares during the last quarter. Hedge funds and other institutional investors own 39.90% of the company’s stock.

Quantum-Si Trading Up 5.2 %

Quantum-Si stock traded up $0.10 during mid-day trading on Tuesday, hitting $2.03. The stock had a trading volume of 32,656,852 shares, compared to its average volume of 68,672,289. The firm’s 50 day moving average is $1.72 and its 200 day moving average is $1.21. The firm has a market capitalization of $289.71 million, a P/E ratio of -3.17 and a beta of 2.74. Quantum-Si has a one year low of $0.61 and a one year high of $5.77.

Quantum-Si Company Profile

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.