Arqit Quantum Inc. (NASDAQ:ARQQ) Short Interest Up 47.7% in November

Arqit Quantum Inc. (NASDAQ:ARQQ) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 222,300 shares, an increase of 47.7% from the October 31st total of 150,500 shares. Based on an average daily volume of 233,300 shares, the short-interest ratio is currently 1.0 days. Currently, 5.5% of the shares of the company are short sold.

Arqit Quantum Price Performance

Shares of ARQQ traded up $2.08 during trading hours on Friday, hitting $19.98. The company had a trading volume of 453,274 shares, compared to its average volume of 105,020. The business has a fifty day moving average of $7.55 and a 200-day moving average of $8.27. Arqit Quantum has a 12 month low of $3.72 and a 12 month high of $23.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned 0.06% of Arqit Quantum at the end of the most recent reporting period. 16.60% of the stock is owned by institutional investors.

Arqit Quantum Company Profile

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.