Looking at D-Wave Quantum’s Recent Short Interest – D-Wave Quantum (NYSE:QBTS)

D-Wave Quantum QBTS short percentage of float has increased 9.42% since the last report. The company recently reported that it has 32.20 million shares soldwhich is 16.26% of all common shares available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.

Why Short Interest Matters

Short interest is the number of shares that have been sold short but have not yet been covered or closed. Short selling is when a trader sells shares in a company they do not own in the hope that the price will fall. Traders make money from short selling if the price of the stock falls, and they lose if it rises.

Short interest is important to track because it can act as an indicator of market sentiment toward a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal that they have become more bullish.

See also: List of the most shorted stocks

D-Wave Quantum Short Interest Graph (3 months)

As you can see from the chart above, the percentage of shares sold short for D-Wave Quantum has grown since the last report. This does not mean that the stock will fall in the short term, but traders should be aware that more stocks are being shorted.

Comparing D-Wave Quantum’s short interest to its peers

Peer comparison is a popular technique among analysts and investors to measure how well a company is doing. A company’s peer is another company that has similar characteristics to it, such as industry, size, age and financial structure. You can find a company’s peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.

According to Benzinga ProD-Wave Quantum’s peer group average for short interest as a percentage of float is 9.82%, which means that the company has more short interest rate than most of its peers.

Did you know that increasing card interest rates can actually be bullish for a share? This post by Benzinga Money explains how you can take advantage of it.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.