QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Update

QinetiQ Group plc (OTCMKTS:QNTQY) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 37,065 shares, an increase of 1,987.0% from the February 12th total of 1,776 shares. Based on an average daily trading volume, of 6,501 shares, the short-interest ratio is currently 5.7 days. Based on an average daily trading volume, of 6,501 shares, the short-interest ratio is currently 5.7 days.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised QinetiQ Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, QinetiQ Group currently has a consensus rating of “Buy”.

QinetiQ Group Price Performance

QNTQY opened at $27.15 on Thursday. The company’s 50 day moving average is $27.42 and its 200 day moving average is $26.01. QinetiQ Group has a 12-month low of $18.50 and a 12-month high of $31.77.

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.