(ARQQ) - Analyzing Arqit Quantum's Short Interest
Portfolio Pulse from Benzinga Insights
Arqit Quantum's short interest has decreased by 92.85%, with 121,000 shares sold short, representing 3.08% of its float. This is higher than its peers' average of 2.55%. The decrease in short interest may indicate a more bullish sentiment.
October 11, 2024 | 6:30 pm
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Arqit Quantum's short interest has significantly decreased, which may indicate a shift towards a more bullish market sentiment. The current short interest is 3.08% of the float, higher than the peer average of 2.55%.
The significant decrease in short interest suggests that fewer investors are betting against Arqit Quantum, which could be interpreted as a positive sign for the stock's short-term performance. The short interest is still above the peer average, indicating some level of bearish sentiment remains, but the trend is towards a more bullish outlook.
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