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

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 5,419 shares, an increase of 139.8% from the March 31st total of 2,260 shares. Based on an average daily trading volume, of 2,326 shares, the days-to-cover ratio is currently 2.3 days.

QinetiQ Group Price Performance

QNTQY stock opened at $24.09 on Monday. The firm has a 50-day simple moving average of $26.38 and a two-hundred day simple moving average of $25.59. QinetiQ Group has a one year low of $20.75 and a one year 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.