Rigetti Computing, Inc. (NASDAQ:RGTIW) Sees Significant Increase in Short Interest

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 57,590 shares, a growth of 85.2% from the May 14th total of 31,101 shares. Based on an average daily volume of 402,080 shares, the short-interest ratio is currently 0.1 days.

Rigetti Computing Price Performance

Shares of RGTIW stock traded up $1.32 during trading hours on Monday, hitting $11.91. 141,597 shares of the company’s stock traded hands, compared to its average volume of 154,124. The stock’s fifty day simple moving average is $9.32 and its two-hundred day simple moving average is $9.94. Rigetti Computing has a 12-month low of $3.60 and a 12-month 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.