Arqit Quantum Inc. (NASDAQ:ARQQW) Sees Large Decline in Short Interest

Arqit Quantum Inc. (NASDAQ:ARQQW) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 200 shares, a drop of 71.4% from the May 31st total of 700 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 0.0 days.

Arqit Quantum Price Performance

Shares of NASDAQ ARQQW remained flat at $0.12 during mid-day trading on Friday. The stock had a trading volume of 20 shares, compared to its average volume of 8,250. The company has a 50 day moving average price of $0.14 and a 200-day moving average price of $0.14. Arqit Quantum has a 12 month low of $0.04 and a 12 month high of $0.47.

About Arqit Quantum

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.