Short Interest in QinetiQ Group plc (OTCMKTS:QNTQY) Increases By 93.7%

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of 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 trading volume, of 18,000 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

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

QinetiQ Group Stock Down 2.6 %

QinetiQ Group stock traded down $0.56 during mid-day trading on Friday, reaching $20.76. The company’s stock had a trading volume of 4,987 shares, compared to its average volume of 6,700. The business’s 50 day simple moving average is $21.62 and its 200 day simple moving average is $21.61. QinetiQ Group has a 12 month low of $17.64 and a 12 month high of $28.35.

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.