Arqit Quantum Inc. (NASDAQ:ARQQW) Sees Significant Decrease in Short Interest

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 2,761 shares, a drop of 49.3% from the May 31st total of 5,443 shares. Based on an average daily trading volume, of 72,096 shares, the short-interest ratio is presently 0.0 days.

Arqit Quantum Price Performance

Shares of NASDAQ:ARQQW traded up $0.00 on Thursday, reaching $0.06. The company had a trading volume of 2,600 shares, compared to its average volume of 46,109. The stock has a 50-day moving average price of $0.07 and a 200 day moving average price of $0.14. Arqit Quantum has a twelve month low of $0.03 and a twelve month high of $1.95.

Arqit Quantum Company Profile

Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.

Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.