Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) 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 trading volume, of 402,080 shares, the days-to-cover ratio is currently 0.1 days.
Rigetti Computing Price Performance
NASDAQ:RGTIW opened at $9.82 on Wednesday. Rigetti Computing has a 1-year low of $3.60 and a 1-year high of $46.78. The firm has a fifty day simple moving average of $9.53 and a 200 day simple moving average of $9.89.
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.
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