Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 33,065 shares, a growth of 77.9% from the April 15th total of 18,590 shares. Based on an average daily trading volume, of 94,219 shares, the short-interest ratio is currently 0.4 days.
Rigetti Computing Stock Down 2.9%
RGTIW opened at $6.95 on Wednesday. The company has a fifty day moving average of $7.20 and a two-hundred day moving average of $10.85. Rigetti Computing has a fifty-two week low of $3.60 and a fifty-two week high of $46.78.
About Rigetti Computing
Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.
At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.
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