Following Capybara Research's report revealing a short position in the company, Quantum Computing (NASDAQ:QUBT) is under pressure. The company disputes multiple aspects of the business, which fuels the current instability in the quantum technology industry. Given the broader tech weakness, Quantum Computing (NASDAQ:QUBT) fell 8.44% to $10.57 at 11:43 AM ET.
The target for speculative trading, quantum computing shows a short interest of 12.5%. The stock has attracted more attention recently as investor excitement for quantum-related businesses rises. Regarding the report, the corporation has not responded straight away to media questions.
Nowadays, investors are looking to evaluate Capybara's claims with the broader quantum technology sector continuing to attract attention. With businesses in the field looking for strategic alliances and increasing research activities, interest in quantum computing advances is rising despite constant advancements. Moreover, it is important to note that the stock is up over 1,450%.
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