Quantum Computing Inc. (NASDAQ:QUBT) Short Interest Down 26.6% in September

Quantum Computing Inc. (NASDAQ:QUBT) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,070,000 shares, a decrease of 26.6% from the August 31st total of 2,820,000 shares. Approximately 3.1% of the company’s stock are sold short. Based on an average trading volume of 738,000 shares, the days-to-cover ratio is currently 2.8 days.

Quantum Computing Price Performance

QUBT stock remained flat at $0.67 during trading on Friday. The company had a trading volume of 615,884 shares, compared to its average volume of 1,077,854. The firm’s 50-day moving average price is $0.65 and its 200-day moving average price is $0.73. The firm has a market capitalization of $60.97 million, a PE ratio of -2.15 and a beta of 1.73. Quantum Computing has a 12-month low of $0.35 and a 12-month high of $1.32.

Institutional Trading of Quantum Computing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its position in shares of Quantum Computing by 17.7% in the 1st quarter. Virtu Financial LLC now owns 95,425 shares of the company’s stock valued at $94,000 after buying an additional 14,326 shares during the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Quantum Computing during the first quarter worth about $25,000. TRUE Private Wealth Advisors lifted its holdings in shares of Quantum Computing by 318.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 65,718 shares of the company’s stock valued at $33,000 after purchasing an additional 50,000 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in shares of Quantum Computing in the first quarter valued at approximately $129,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Quantum Computing Company Profile

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.