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

QinetiQ Group plc (OTCMKTS:QNTQY) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 15,300 shares, a growth of 93.7% from the March 15th total of 7,900 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is presently 0.9 days.

QinetiQ Group Trading Down 2.6 %

QNTQY stock traded down $0.56 during trading on Friday, hitting $20.76. The stock had a trading volume of 4,987 shares, compared to its average volume of 6,700. The company’s 50-day moving average price is $21.62 and its two-hundred day moving average price is $21.61. QinetiQ Group has a twelve month low of $17.64 and a twelve month high of $28.35.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets lowered shares of QinetiQ Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th.

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.