Quantum-Si incorporated (NASDAQ:QSI) Short Interest Update

Quantum-Si incorporated (NASDAQ:QSI) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 23,650,000 shares, a growth of 109.8% from the December 15th total of 11,270,000 shares. Based on an average daily trading volume, of 25,530,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 21.5% of the shares of the stock are sold short.

Insider Buying and Selling at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the transaction, the director now owns 1,250,000 shares of the company’s stock, valued at approximately $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 30.04% of the company’s stock.

Institutional Trading of Quantum-Si

A number of institutional investors and hedge funds have recently modified their holdings of QSI. Geode Capital Management LLC lifted its holdings in shares of Quantum-Si by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after purchasing an additional 145,091 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Quantum-Si by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after acquiring an additional 10,811 shares during the period. Barclays PLC lifted its position in 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 purchasing an additional 133,438 shares during the period. Green Alpha Advisors LLC boosted its holdings 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 purchasing an additional 45,796 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Quantum-Si in the 3rd quarter worth approximately $53,000. Institutional investors own 39.90% of the company’s stock.

Quantum-Si Stock Performance

Shares of QSI traded up $0.10 on Tuesday, hitting $2.03. 32,656,852 shares of the stock traded hands, compared to its average volume of 68,672,289. Quantum-Si has a one year low of $0.61 and a one year high of $5.77. The company has a market capitalization of $289.71 million, a PE ratio of -3.17 and a beta of 2.74. The business has a 50 day simple moving average of $1.72 and a 200 day simple moving average of $1.21.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reduced their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. HC Wainwright restated a “buy” rating and issued a $5.50 target price on shares of Quantum-Si in a report on Tuesday.

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.