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

QinetiQ Group plc (OTCMKTS:QNTQY) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 5,419 shares, a growth of 139.8% from the March 31st total of 2,260 shares. Based on an average trading volume of 2,326 shares, the short-interest ratio is currently 2.3 days.

QinetiQ Group Trading Up 2.0%

Shares of QNTQY opened at $24.56 on Tuesday. The stock has a fifty day moving average of $26.35 and a two-hundred day moving average of $25.57. QinetiQ Group has a fifty-two week low of $20.75 and a fifty-two week high of $31.77.

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.