Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Update

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 8,500 shares, a growth of 207.9% from the June 15th total of 2,761 shares. Based on an average trading volume of 104,012 shares, the days-to-cover ratio is currently 0.1 days.

Arqit Quantum Price Performance

Shares of NASDAQ:ARQQW traded down $0.00 during trading on Monday, hitting $0.05. 6,621 shares of the stock were exchanged, compared to its average volume of 45,651. Arqit Quantum has a 1-year low of $0.03 and a 1-year high of $1.95. The company’s fifty day simple moving average is $0.07 and its 200-day simple moving average is $0.12.

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.