Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 11,270,000 shares, an increase of 24.0% from the November 30th total of 9,090,000 shares. Based on an average daily volume of 10,950,000 shares, the short-interest ratio is presently 1.0 days. Approximately 11.6% of the company's stock are sold short.
A number of institutional investors and hedge funds have recently bought and sold shares of QSI. Geode Capital Management LLC grew its stake in shares of Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock worth $2,044,000 after buying an additional 145,091 shares in the last quarter. Barclays PLC increased its stake in Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after acquiring an additional 133,438 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Quantum-Si during the third quarter valued at approximately $53,000. Green Alpha Advisors LLC lifted its position in Quantum-Si by 35.4% in the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock worth $154,000 after buying an additional 45,796 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Quantum-Si in the 2nd quarter worth about $25,000. 39.90% of the stock is currently owned by institutional investors.
QSI has been the topic of several recent analyst reports. HC Wainwright increased their target price on Quantum-Si from $4.00 to $5.50 and gave the company a "buy" rating in a research note on Thursday, November 21st. Canaccord Genuity Group reduced their price objective on Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a report on Wednesday, November 13th.
Check Out Our Latest Stock Report on QSI
Shares of NASDAQ:QSI traded down $0.63 during trading on Tuesday, hitting $2.70. The company's stock had a trading volume of 43,231,980 shares, compared to its average volume of 5,195,960. Quantum-Si has a 12 month low of $0.61 and a 12 month high of $4.14. The firm has a market cap of $385.33 million, a price-to-earnings ratio of -4.22 and a beta of 3.20. The company has a 50-day moving average of $1.25 and a 200-day moving average of $1.07.
Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.
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