Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Update

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 33,929 shares, a drop of 14.2% from the January 15th total of 39,539 shares. Based on an average trading volume of 30,679 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 30,679 shares, the short-interest ratio is currently 1.1 days.

Arqit Quantum Trading Up 2.2%

Shares of Arqit Quantum stock opened at $0.16 on Thursday. The stock has a 50 day moving average price of $0.20 and a 200-day moving average price of $0.40. Arqit Quantum has a one year low of $0.10 and a one year high of $3.24.

Arqit Quantum Company Profile

Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.

Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.