Quantum-Si incorporated (NASDAQ:QSI) Short Interest Update

Quantum-Si incorporated (NASDAQ:QSI) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,590,000 shares, a decrease of 21.4% from the December 31st total of 23,650,000 shares. Approximately 14.5% of the company’s shares are sold short. Based on an average trading volume of 29,290,000 shares, the days-to-cover ratio is presently 0.6 days.

Insider Transactions at Quantum-Si

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the transaction, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 30.04% of the company’s stock.

Institutional Investors Weigh In On Quantum-Si

A number of large investors have recently added to or reduced their stakes in QSI. Rhumbline Advisers grew its holdings in Quantum-Si by 3.7% during the 4th quarter. Rhumbline Advisers now owns 148,946 shares of the company’s stock valued at $402,000 after buying an additional 5,298 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of Quantum-Si during the fourth quarter valued at $28,000. SG Americas Securities LLC increased its position in Quantum-Si by 12.4% during the 4th quarter. SG Americas Securities LLC now owns 67,588 shares of the company’s stock worth $182,000 after purchasing an additional 7,470 shares in the last quarter. Barclays PLC increased its position in Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after purchasing an additional 133,438 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after purchasing an additional 145,091 shares during the last quarter. 39.90% of the stock is owned by institutional investors and hedge funds.

Quantum-Si Trading Down 3.9 %

QSI stock opened at $1.96 on Friday. The company’s 50-day moving average price is $2.08 and its 200 day moving average price is $1.32. Quantum-Si has a 52 week low of $0.61 and a 52 week high of $5.77. The company has a market cap of $279.71 million, a P/E ratio of -3.06 and a beta of 2.74.

Analysts Set New Price Targets

A number of brokerages have issued reports on QSI. Canaccord Genuity Group decreased their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. HC Wainwright restated a “buy” rating and set a $5.50 target price on shares of Quantum-Si in a research note on Tuesday, January 14th.

Quantum-Si Company Profile

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.