Pasqal Holding SA (NASDAQ:PSQL) Short Interest Update

Pasqal Holding SA (NASDAQ:PSQL) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 151,676 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 509,697 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Roth Capital started coverage on shares of Pasqal in a research report on Wednesday, September 9th. They set a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pasqal presently has a consensus rating of “Buy” and an average target price of $20.00.

Pasqal Price Performance

Shares of PSQL stock traded down $0.46 during trading hours on Tuesday, reaching $7.85. The company had a trading volume of 149,452 shares, compared to its average volume of 1,234,188. Pasqal has a 1-year low of $7.30 and a 1-year high of $24.69.

Pasqal is a quantum computing company focused on developing neutral-atom quantum processors and related software. Its technology uses individually controlled atoms as quantum bits, or qubits, with the goal of supporting scalable quantum computing for complex computational problems.

The company develops quantum hardware, control systems and software tools that enable customers and researchers to access and program its systems. Its offerings are intended for applications including optimization, quantum simulation, machine learning and other scientific or industrial workloads.