Short Interest in QinetiQ Group plc (OTCMKTS:QNTQY) Drops By 43.3%

QinetiQ Group plc (OTCMKTS:QNTQY) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 7,062 shares, a decrease of 43.3% from the December 31st total of 12,449 shares. Based on an average trading volume of 17,253 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 17,253 shares, the short-interest ratio is presently 0.4 days.

QinetiQ Group Stock Performance

OTCMKTS:QNTQY opened at $28.78 on Friday. The firm’s 50-day moving average is $24.91 and its 200-day moving average is $25.87. QinetiQ Group has a 52-week low of $17.95 and a 52-week high of $31.77.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised QinetiQ Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average 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.