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

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

QinetiQ Group Stock Performance

Shares of QinetiQ Group stock opened at $23.39 on Wednesday. QinetiQ Group has a 1 year low of $15.00 and a 1 year high of $25.70. The business has a 50 day moving average price of $24.01 and a 200 day moving average price of $22.96.

Wall Street Analyst Weigh In

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

About QinetiQ Group

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.