Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Decreases By 82.9%

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 11,453 shares, a decrease of 82.9% from the July 30th total of 66,839 shares. Based on an average daily volume of 82,012 shares, the short-interest ratio is currently 0.1 days.

Rigetti Computing Price Performance

RGTIW traded down $0.47 during trading on Wednesday, reaching $6.56. The company’s stock had a trading volume of 19,001 shares, compared to its average volume of 134,760. Rigetti Computing has a 52-week low of $4.61 and a 52-week high of $46.78. The company’s fifty day moving average price is $7.44 and its 200-day moving average price is $7.97.

About Rigetti Computing

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.