QinetiQ Group plc (OTCMKTS:QNTQY) Sees Significant Decrease in Short Interest

QinetiQ Group plc (OTCMKTS:QNTQY) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,776 shares, a drop of 76.6% from the January 29th total of 7,590 shares. Based on an average trading volume of 3,923 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 3,923 shares, the days-to-cover ratio is currently 0.5 days.

QinetiQ Group Stock Down 2.0%

Shares of QNTQY stock opened at $27.08 on Thursday. The stock’s fifty day simple moving average is $26.65 and its 200 day simple moving average is $25.88. QinetiQ Group has a one year low of $18.50 and a one year high of $31.77.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded QinetiQ Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About QinetiQ Group

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.