QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Update

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

QinetiQ Group Price Performance

QNTQY stock opened at $27.88 on Friday. QinetiQ Group has a 12 month low of $17.95 and a 12 month high of $31.77. The firm has a 50 day simple moving average of $25.00 and a 200 day simple moving average of $25.87.

Analyst Ratings Changes

Separately, Kepler Capital Markets raised QinetiQ Group from a “hold” rating to a “strong-buy” rating in a research note 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 company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

About QinetiQ Group

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.