Rigetti Computing, Inc. (NASDAQ:RGTIW) Short Interest Update

Rigetti Computing, Inc. (NASDAQ:RGTIW) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,332 shares, a drop of 32.2% from the December 31st total of 4,912 shares. Based on an average trading volume of 94,953 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 94,953 shares, the days-to-cover ratio is currently 0.0 days.

Rigetti Computing Stock Performance

RGTIW stock traded down $1.65 during midday trading on Friday, hitting $7.69. The company’s stock had a trading volume of 182,501 shares, compared to its average volume of 119,950. The firm has a 50-day simple moving average of $13.37 and a 200-day simple moving average of $14.72. Rigetti Computing has a 52-week low of $2.13 and a 52-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.