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

Quantum-Si incorporated (NASDAQ:QSI) was the target of a significant growth in short interest in 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. Currently, 11.6% of the company’s stock are sold short. Based on an average daily trading volume, of 10,950,000 shares, the days-to-cover ratio is presently 1.0 days.

Quantum-Si Trading Down 18.9 %

NASDAQ QSI traded down $0.63 on Tuesday, hitting $2.70. 43,231,980 shares of the stock traded hands, compared to its average volume of 5,195,960. The stock has a 50-day moving average of $1.25 and a 200 day moving average of $1.07. Quantum-Si has a twelve month low of $0.61 and a twelve month high of $4.14. The company has a market capitalization of $385.33 million, a P/E ratio of -4.22 and a beta of 3.20.

Analysts Set New Price Targets

Several analysts recently issued reports on QSI shares. HC Wainwright upped their price target on shares of Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group dropped their target price 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.

Institutional Investors Weigh In On Quantum-Si

Institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after purchasing an additional 133,438 shares during the period. Geode Capital Management LLC lifted its position 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 during the last quarter. XTX Topco Ltd boosted its holdings in shares of Quantum-Si by 81.3% in the 3rd quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after buying an additional 19,651 shares during the period. Green Alpha Advisors LLC grew its position in shares of Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after buying an additional 45,796 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Quantum-Si during the third quarter worth about $53,000. 39.90% of the stock is currently owned by institutional investors.

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.