Arqit Quantum Inc. (NASDAQ:ARQQW) Sees Large Decline in Short Interest

Arqit Quantum Inc. (NASDAQ:ARQQW) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 200 shares, a decline of 71.4% from the May 31st total of 700 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 0.0 days.

Arqit Quantum Price Performance

Shares of ARQQW remained flat at $0.12 during mid-day trading on Friday. 20 shares of the stock traded hands, compared to its average volume of 8,250. The business has a 50-day moving average price of $0.14 and a 200-day moving average price of $0.14. Arqit Quantum has a 1 year low of $0.04 and a 1 year high of $0.47.

Arqit Quantum Company Profile

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.