Rigetti Computing, Inc. (NASDAQ:RGTIW) Stock Short Interest Drops 73.0%

Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,325 shares, a decrease of 73.0% from the September 15th total of 23,460 shares. Based on an average daily trading volume, of 54,740 shares, the short-interest ratio is presently 0.1 days.

Rigetti Computing Price Performance

Shares of RGTIW traded down $0.78 during trading hours on Tuesday, hitting $3.21. The company had a trading volume of 249,878 shares, compared to its average volume of 123,430. Rigetti Computing has a 52-week low of $2.95 and a 52-week high of $46.78. The firm has a fifty day moving average price of $6.64 and a 200-day moving average price of $7.77.

Rigetti Computing Company Profile

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Rigetti Computing, Inc is a quantum computing company that develops full-stack quantum computing systems based on superconducting qubit technology. Its work spans quantum processors, system architecture, control electronics, software and cloud-based access, with the goal of enabling quantum computing for commercial, government and research applications.

The company provides access to its quantum systems through Rigetti Quantum Cloud Services, which can support users seeking to develop and run quantum algorithms.

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