Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 11,738 shares, an increase of 85.6% from the September 30th total of 6,325 shares. Based on an average trading volume of 135,481 shares, the days-to-cover ratio is currently 0.1 days.
Rigetti Computing Trading Down 10.6%
Shares of RGTIW opened at $2.54 on Friday. The business’s fifty day moving average price is $5.33 and its two-hundred day moving average price is $7.55. Rigetti Computing has a 52 week low of $2.23 and a 52 week high of $33.31.
Rigetti Computing Company Profile
Rigetti Computing, Inc is a quantum computing company that develops full-stack quantum computing systems based on superconducting quantum processors. Its technology is designed to support complex computational tasks that may be difficult or impractical for conventional computers, including applications in optimization, simulation, machine learning and scientific research.
The company develops quantum processors, control systems and software tools, and provides access to its quantum computers through cloud-based platforms.
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