Short Interest in Rigetti Computing, Inc. (NASDAQ:RGTIW) Increases By 61.9%

Rigetti Computing, Inc. (NASDAQ:RGTIW) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 18,544 shares, a growth of 61.9% from the August 15th total of 11,453 shares. Based on an average daily volume of 56,749 shares, the short-interest ratio is presently 0.3 days.

Rigetti Computing Trading Up 10.9%

RGTIW stock traded up $0.68 during trading hours on Thursday, hitting $6.88. 68,040 shares of the stock traded hands, compared to its average volume of 127,494. The stock has a 50-day simple moving average of $6.66 and a 200 day simple moving average of $7.94. Rigetti Computing has a one year low of $4.61 and a one 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.