IQM Quantum Computers (NASDAQ:IQMX) Sees Large Increase in Short Interest

IQM Quantum Computers (NASDAQ:IQMX) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 732,734 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 812,262 shares, the short-interest ratio is currently 0.9 days. Approximately 3.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Rothschild & Co Redburn started coverage on IQM Quantum Computers in a research report on Monday. They set a “neutral” rating and a $12.88 target price on the stock. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, IQM Quantum Computers presently has a consensus rating of “Hold” and an average target price of $12.88.

IQM Quantum Computers Stock Down 0.7%

Shares of NASDAQ IQMX opened at $10.72 on Wednesday. IQM Quantum Computers has a 52 week low of $10.14 and a 52 week high of $15.10.

IQM Quantum Computers Company Profile

IQM Quantum Computers is a quantum computing company focused on developing superconducting quantum processors, quantum computers, and related software and services. The company works to make quantum technology available for research institutions, enterprises, and other organizations seeking to explore and apply quantum computing in practical settings.

Founded in Finland, IQM has positioned itself as a European developer in the quantum computing industry. Its offerings are centered on full-stack quantum computing solutions, including hardware, control systems, and cloud-based access to quantum resources, with an emphasis on helping customers experiment with and build quantum applications.

The company serves customers and collaborators in Europe and other international markets through its commercial and research relationships.