Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Decreases By 82.9%

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 11,453 shares, a drop of 82.9% from the July 30th total of 66,839 shares. Based on an average daily trading volume, of 82,012 shares, the days-to-cover ratio is currently 0.1 days.

Rigetti Computing Trading Down 6.7%

Shares of RGTIW stock traded down $0.47 during midday trading on Wednesday, hitting $6.56. The company had a trading volume of 19,001 shares, compared to its average volume of 134,760. The company’s 50 day simple moving average is $7.44 and its 200 day simple moving average is $7.97. Rigetti Computing has a 52-week low of $4.61 and a 52-week high of $46.78.

Rigetti Computing Company Profile

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.