Short Interest in Quantum-Si incorporated (NASDAQ:QSI) Drops By 21.4%

Quantum-Si incorporated (NASDAQ:QSI) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 18,590,000 shares, a decrease of 21.4% from the December 31st total of 23,650,000 shares. Currently, 14.5% of the shares of the company are sold short. Based on an average daily volume of 29,290,000 shares, the short-interest ratio is presently 0.6 days.

Quantum-Si Trading Up 1.0 %

Quantum-Si stock traded up $0.02 during trading hours on Friday, hitting $1.98. 12,357,800 shares of the stock traded hands, compared to its average volume of 37,604,744. The firm’s 50-day moving average price is $2.08 and its two-hundred day moving average price is $1.33. The company has a market cap of $282.57 million, a PE ratio of -3.09 and a beta of 2.74. Quantum-Si has a one year low of $0.61 and a one year high of $5.77.

Analyst Ratings Changes

QSI has been the topic of a number of research reports. HC Wainwright restated a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a research report on Tuesday, January 14th. Canaccord Genuity Group lowered 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.

Insider Buying and Selling at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the transaction, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 30.04% of the stock is owned by corporate insiders.

Institutional Trading of Quantum-Si

Several large investors have recently bought and sold shares of QSI. XTX Topco Ltd bought a new stake in shares of Quantum-Si in the 2nd quarter worth approximately $25,000. Abel Hall LLC bought a new stake in shares of Quantum-Si in the 4th quarter worth approximately $28,000. SG Americas Securities LLC bought a new stake in shares of Quantum-Si in the 3rd quarter worth approximately $53,000. Sanctuary Advisors LLC bought a new stake in shares of Quantum-Si in the 4th quarter worth approximately $95,000. Finally, Green Alpha Advisors LLC boosted its position in shares of Quantum-Si by 35.4% in the 3rd 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 in the last quarter. 39.90% of the stock is owned by institutional investors.

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.