Stocks

Short Interest in Quantum-Si Incorporated (NASDAQ:QSI) Grows By 24.0%

Published January 1, 2025

Quantum-Si Incorporated (NASDAQ:QSI - Get Free Report) has experienced a notable increase in short interest during December. As of December 15th, the short interest stood at 11,270,000 shares, reflecting a substantial rise of 24.0% from the previous total of 9,090,000 shares reported on November 30th. At this time, 11.6% of the company's outstanding shares are sold short. With an average daily trading volume of 10,950,000 shares, the current short-interest ratio is calculated to be 1.0 days.

Institutional Trading of Quantum-Si

Recent trading activity has shown that several institutional investors and hedge funds are actively buying and selling shares of Quantum-Si. For example, Geode Capital Management LLC increased its stake in Quantum-Si by 6.7% during the third quarter, now holding 2,316,921 shares valued at approximately $2,044,000 after acquiring an additional 145,091 shares. Meanwhile, Barclays PLC has significantly boosted its stake by 210.5% in the same period, now owning 196,826 shares worth about $173,000 after adding 133,438 shares. Other notable transactions include SG Americas Securities LLC purchasing a new investment in Quantum-Si valued at around $53,000, and Green Alpha Advisors LLC raising its holdings by 35.4%, now holding 175,055 shares worth $154,000 after acquiring an additional 45,796 shares. Currently, institutional investors own approximately 39.90% of the stock.

Analyst Ratings Changes

Analysts have recently revisited their outlook for QSI. On November 21st, HC Wainwright revised its target price, increasing it from $4.00 to $5.50 and maintaining a "buy" rating for Quantum-Si. Conversely, Canaccord Genuity Group lowered its price target from $1.50 to $1.00 and categorized the company with a "hold" rating in a report dated November 13th.

Quantum-Si Price Performance

On Tuesday, Quantum-Si shares traded down by $0.63, reaching a price of $2.70. The company noted a significant trading volume of 43,231,980 shares, which is considerably higher than its average volume of 5,195,960. Quantum-Si's shares have seen a 12-month low of $0.61 and a high of $4.14. The company currently holds a market capitalization of $385.33 million, a price-to-earnings ratio of -4.22, and a beta of 3.20. The stock has a 50-day moving average of $1.25 and a 200-day moving average of $1.07.

Quantum-Si Company Profile

Quantum-Si Incorporated focuses on developing innovative technology in life sciences, particularly in creating a single-molecule detection platform that facilitates Next Generation Protein Sequencing (NGPS). Their offerings include the Platinum NGPS instrument, the Platinum Analysis Software service, as well as essential reagent kits and semiconductor chips tailored for use with their technology.

Should You Invest $1,000 in Quantum-Si Right Now?

Before making any investment decisions regarding Quantum-Si, there are critical points to consider. While Quantum-Si holds a "Moderate Buy" rating among analysts, top research analysts have recently identified five stocks that they believe could present better buying opportunities at this time.