Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Down 66.3% in May

Arqit Quantum Inc. (NASDAQ:ARQQW) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,443 shares, a drop of 66.3% from the May 14th total of 16,133 shares. Based on an average daily volume of 71,999 shares, the days-to-cover ratio is currently 0.1 days.

Arqit Quantum Price Performance

ARQQW stock traded down $0.01 during midday trading on Friday, reaching $0.05. The stock had a trading volume of 136,429 shares, compared to its average volume of 41,099. Arqit Quantum has a twelve month low of $0.03 and a twelve month high of $1.95. The business has a fifty day simple moving average of $0.09 and a two-hundred day simple moving average of $0.16.

About Arqit Quantum

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.