--- title: "D-Wave Quantum Inc. (NYSE:QBTS) Short Interest Update" description: "D-Wave Quantum Inc. (NYSE:QBTS) experienced an 18.2% decrease in short interest in August, with 14,050,000 shares short sold as of August 31. This represents 11.7% of the company's shares. The days-to" type: "news" locale: "en" url: "https://longbridge.com/en/news/214375054.md" published_at: "2024-09-15T09:48:45.000Z" --- # D-Wave Quantum Inc. (NYSE:QBTS) Short Interest Update > D-Wave Quantum Inc. (NYSE:QBTS) experienced an 18.2% decrease in short interest in August, with 14,050,000 shares short sold as of August 31. This represents 11.7% of the company's shares. The days-to-cover ratio is 3.6 days based on an average trading volume of 3,870,000 shares. Institutional investors own 42.47% of the stock, and several firms have recently adjusted their price targets, maintaining a consensus "Buy" rating. D-Wave Quantum's stock opened at $0.01, with a market cap of $44 million and a P/E ratio of -1.91. D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 14,050,000 shares, a decline of 18.2% from the August 15th total of 17,180,000 shares. Based on an average trading volume of 3,870,000 shares, the short-interest ratio is presently 3.6 days. Currently, 11.7% of the shares of the stock are sold short. Get **D-Wave Quantum** alerts: ## Institutional Inflows and Outflows A number of large investors have recently made changes to their positions in the stock. Carroll Investors Inc raised its position in shares of D-Wave Quantum by 44.7% during the first quarter. Carroll Investors Inc now owns 30,485 shares of the company's stock valued at $62,000 after buying an additional 9,415 shares during the last quarter. Delta Investment Management LLC acquired a new position in shares of D-Wave Quantum during the first quarter valued at about $36,000. Laidlaw Wealth Management LLC raised its position in shares of D-Wave Quantum by 143.3% during the fourth quarter. Laidlaw Wealth Management LLC now owns 35,224 shares of the company's stock valued at $31,000 after buying an additional 20,744 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of D-Wave Quantum during the second quarter valued at about $28,000. Finally, Instrumental Wealth LLC raised its position in shares of D-Wave Quantum by 85.9% during the second quarter. Instrumental Wealth LLC now owns 54,240 shares of the company's stock valued at $62,000 after buying an additional 25,067 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company's stock. ## D-Wave Quantum Stock Up 1.0 % Shares of NYSE:QBTS opened at $1.01 on Friday. The company has a market cap of $203.44 million, a price-to-earnings ratio of -1.91 and a beta of 0.98. The business has a 50 day moving average price of $1.00 and a 200 day moving average price of $1.34. D-Wave Quantum has a twelve month low of $0.57 and a twelve month high of $2.44. D-Wave Quantum (NYSE:QBTS - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $2.18 million during the quarter, compared to analyst estimates of $2.88 million. Analysts anticipate that D-Wave Quantum will post -0.4 EPS for the current year. ## Analyst Ratings Changes A number of research firms recently weighed in on QBTS. Roth Mkm decreased their price target on D-Wave Quantum from $3.00 to $2.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. B. Riley initiated coverage on D-Wave Quantum in a research note on Thursday, July 25th. They set a "buy" rating and a $3.00 price target for the company. Needham & Company LLC cut their price target on D-Wave Quantum from $2.50 to $2.25 and set a "buy" rating for the company in a research note on Friday, August 9th. Benchmark cut their price target on D-Wave Quantum from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Finally, Westpark Capital restated a "buy" rating and issued a $3.00 target price on shares of D-Wave Quantum in a report on Friday, August 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, D-Wave Quantum presently has an average rating of "Buy" and a consensus price target of $2.54. **Read Our Latest Stock Analysis on D-Wave Quantum** ## D-Wave Quantum Company Profile (Get Free Report) D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. ## See Also - Five stocks we like better than D-Wave Quantum - How to Calculate Stock Profit - Can Celsius Stock Rebound? Analysts See 74% Upside Potential - ETF Screener: Uses and Step-by-Step Guide - Kroger Stock is a Win-Win for Buy-and-Hold Investors - The Top 3 Healthcare Dividend Stocks to Buy and Hold - MarketBeat Week in Review – 9/9 - 9/13 *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Why billionaires are wiring money to abandoned towns (From Porter & Company) (Ad)## Should you invest $1,000 in D-Wave Quantum right now? Before you consider D-Wave Quantum, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and D-Wave Quantum wasn't on the list. While D-Wave Quantum currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. 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