Pasqal Holding SA (NASDAQ:PSQL) Short Interest Update

Pasqal Holding SA (NASDAQ:PSQL) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 151,676 shares, an increase of ? from the August 15th total of 0 shares. Based on an average daily volume of 509,697 shares, the short-interest ratio is presently 0.3 days.

Pasqal Stock Down 4.1%

Shares of NASDAQ:PSQL opened at $7.45 on Thursday. Pasqal has a one year low of $7.00 and a one year high of $24.69.

Wall Street Analysts Forecast Growth

Separately, Roth Capital began coverage on shares of Pasqal in a research report on Wednesday, September 9th. They set a “buy” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $20.00.

Pasqal is a quantum computing company focused on developing neutral-atom quantum processors and related software. Its technology uses individually controlled atoms as quantum bits, or qubits, with the goal of supporting scalable quantum computing for complex computational problems.

The company develops quantum hardware, control systems and software tools that enable customers and researchers to access and program its systems. Its offerings are intended for applications including optimization, quantum simulation, machine learning and other scientific or industrial workloads.