Arqit Quantum Inc. (NASDAQ:ARQQW) Short Interest Down 49.3% in June

Arqit Quantum Inc. (NASDAQ:ARQQW) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,761 shares, a decrease of 49.3% from the May 31st total of 5,443 shares. Based on an average daily volume of 72,096 shares, the days-to-cover ratio is currently 0.0 days.

Arqit Quantum Stock Performance

ARQQW stock traded down $0.01 during midday trading on Wednesday, reaching $0.06. 1,209 shares of the company’s stock traded hands, compared to its average volume of 46,380. The firm’s fifty day moving average price is $0.08 and its 200-day moving average price is $0.14. Arqit Quantum has a 52 week low of $0.03 and a 52 week high of $1.95.

About Arqit Quantum

Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.

Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.