Rigetti Computing, Inc. (NASDAQ:RGTIW) Short Interest Update

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 1,645 shares, a decline of 91.4% from the November 30th total of 19,194 shares. Based on an average daily trading volume, of 106,853 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 106,853 shares, the days-to-cover ratio is currently 0.0 days.

Rigetti Computing Price Performance

RGTIW traded down $0.82 during mid-day trading on Wednesday, hitting $13.10. 118,813 shares of the stock were exchanged, compared to its average volume of 451,272. The firm’s fifty day moving average is $19.84 and its two-hundred day moving average is $13.23. Rigetti Computing has a 1-year low of $1.95 and a 1-year high of $46.78.

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.