Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Declines By 32.2%

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 3,332 shares, a decrease of 32.2% from the December 31st total of 4,912 shares. Based on an average daily volume of 94,953 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 94,953 shares, the days-to-cover ratio is presently 0.0 days.

Rigetti Computing Price Performance

Shares of NASDAQ:RGTIW traded down $1.65 during midday trading on Friday, hitting $7.69. The company had a trading volume of 182,501 shares, compared to its average volume of 119,950. Rigetti Computing has a twelve month low of $2.13 and a twelve month high of $46.78. The business’s 50-day simple moving average is $13.37 and its 200-day simple moving average is $14.72.

Rigetti Computing Company Profile

Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.

At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.