Although the technology sector suffered some anxious trading following long stretches of upside, certain standout names — including Oracle Corp (NYSE:ORCL) and its blistering forward outlook — helped invigorate confidence in the ecosystem. As it turns out, the quantum computing space has been reading the memo, with the industry delivering robust returns. However, one standout name is D-Wave Quantum Inc (NYSE:QBTS).
Before diving into the characteristic that distinguishes QBTS stock from other popular tech names, it's important to note a key similarity: elevated short interest. On the surface, a stock incurring high short interest isn't necessarily encouraging. At face value, this metric indicates that traders are placing "true" short bets against the targeted security. However, if contrarians bid up the stock, the reverse move — known as a short squeeze — could be intense.
