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IonQ Inc (NYSE:IONQ) shares are trading up on Wednesday afternoon. The Nasdaq is up 1.22% while the S&P 500 has gained 0.68%.
Northland Capital Sets Bullish Target
Analyst Nehal Chokshi of Northland Capital Markets initiated coverage on IonQ this week.
Chokshi assigned an Outperform rating to the quantum firm. The analyst set a price forecast of $55.
Short Interest Fuels Squeeze Potential
Traders are eyeballing a potential short squeeze. Short interest recently rose to 80.93 million shares. This represents 22.78% of the company’s float. It would take 4.48 days for shorts to cover their …
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