Short Interest in QinetiQ Group plc (OTCMKTS:QNTQY) Rises By 1,987.0%

QinetiQ Group plc (OTCMKTS:QNTQY) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 37,065 shares, a growth of 1,987.0% from the February 12th total of 1,776 shares. Based on an average daily volume of 6,501 shares, the short-interest ratio is presently 5.7 days. Based on an average daily volume of 6,501 shares, the short-interest ratio is presently 5.7 days.

QinetiQ Group Stock Up 0.5%

Shares of QNTQY opened at $28.35 on Wednesday. QinetiQ Group has a 1 year low of $18.50 and a 1 year high of $31.77. The company has a 50 day simple moving average of $27.36 and a two-hundred day simple moving average of $26.00.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded QinetiQ Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

QinetiQ Group Company Profile

QinetiQ Group is a defense technology and services company headquartered in Farnborough, United Kingdom. The company’s core business centers on research, development and innovation across aerospace, defense, security and energy markets. QinetiQ provides end-to-end capabilities including test and evaluation services, systems engineering, consultancy and training, supporting platforms and systems from concept through deployment.

Established in 2001 following the privatization of the UK’s Defence Evaluation and Research Agency (DERA), QinetiQ has expanded its footprint to key locations in the United States, Australia and Europe.