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

Quantum-Si incorporated (NASDAQ:QSI) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 20,570,000 shares, a growth of 23.6% from the March 15th total of 16,640,000 shares. Based on an average trading volume of 13,130,000 shares, the short-interest ratio is presently 1.6 days. Approximately 15.4% of the company’s stock are sold short.

Quantum-Si Stock Down 5.2 %

NASDAQ QSI opened at $1.09 on Tuesday. The company’s 50 day moving average is $1.38 and its 200-day moving average is $1.53. The firm has a market cap of $199.62 million, a P/E ratio of -1.70 and a beta of 2.71. Quantum-Si has a 12-month low of $0.61 and a 12-month high of $5.77.

Insider Activity at Quantum-Si

In other news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $1.39, for a total value of $32,952.73. Following the transaction, the chief executive officer now owns 2,646,716 shares in the company, valued at $3,678,935.24. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 36,650 shares of company stock worth $50,944 in the last quarter. Company insiders own 30.04% of the company’s stock.

Hedge Funds Weigh In On Quantum-Si

Large investors have recently made changes to their positions in the stock. Barclays PLC increased its holdings in shares of 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. Bank of New York Mellon Corp raised its position in Quantum-Si by 21.3% in the 4th quarter. Bank of New York Mellon Corp now owns 269,807 shares of the company’s stock worth $728,000 after purchasing an additional 47,400 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Quantum-Si in the 4th quarter valued at about $60,000. Sanctuary Advisors LLC purchased a new stake in shares of Quantum-Si during the fourth quarter valued at approximately $95,000. Finally, Geode Capital Management LLC boosted its position in Quantum-Si by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after buying an additional 145,091 shares during the period. 39.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

QSI has been the topic of a number of research analyst reports. Alliance Global Partners restated a “buy” rating on shares of Quantum-Si in a research note on Wednesday, March 5th. HC Wainwright reiterated a “buy” rating and issued a $5.50 target price on shares of Quantum-Si in a research note on Tuesday, January 14th. Finally, National Bankshares set a $3.65 price target on shares of Quantum-Si in a report on Wednesday, March 5th.

Quantum-Si Company Profile

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.