Short Interest in QinetiQ Group plc (OTCMKTS:QNTQY) Declines By 40.0%

QinetiQ Group plc (OTCMKTS:QNTQY) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 300 shares, a decline of 40.0% from the October 15th total of 500 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 0.3 days.

QinetiQ Group Price Performance

OTCMKTS:QNTQY opened at $23.39 on Wednesday. The business’s 50-day moving average is $24.01 and its two-hundred day moving average is $22.96. QinetiQ Group has a 12 month low of $15.00 and a 12 month high of $25.70.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of QinetiQ Group to a “strong-buy” rating in a research report on Tuesday, August 27th.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.