Quantum-Si incorporated (NASDAQ:QSI) Short Interest Up 24.0% in December

Quantum-Si incorporated (NASDAQ:QSI) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 11,270,000 shares, a growth of 24.0% from the November 30th total of 9,090,000 shares. Based on an average daily trading volume, of 10,950,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 11.6% of the company’s shares are short sold.

Quantum-Si Trading Down 18.9 %

QSI traded down $0.63 during trading on Tuesday, hitting $2.70. 43,231,980 shares of the company’s stock were exchanged, compared to its average volume of 5,195,960. Quantum-Si has a 1 year low of $0.61 and a 1 year high of $4.14. The stock has a 50 day moving average price of $1.25 and a 200 day moving average price of $1.07. The firm has a market cap of $385.33 million, a P/E ratio of -4.22 and a beta of 3.20.

Analyst Upgrades and Downgrades

QSI has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price target on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. HC Wainwright upped their price target on Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Institutional Investors Weigh In On Quantum-Si

Several institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in shares of Quantum-Si during the second quarter worth $25,000. SG Americas Securities LLC purchased a new position in Quantum-Si in the 3rd quarter valued at about $53,000. Green Alpha Advisors LLC grew its stake in shares of Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after acquiring an additional 45,796 shares in the last quarter. Barclays PLC grew its stake in shares of Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Quantum-Si by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock worth $339,000 after acquiring an additional 10,811 shares during the last quarter. Hedge funds and other institutional investors own 39.90% of the company’s stock.

About Quantum-Si

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.