QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Down 80.9% in March

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 7,068 shares, a drop of 80.9% from the February 26th total of 37,065 shares. Based on an average daily volume of 10,105 shares, the short-interest ratio is currently 0.7 days.

QinetiQ Group Price Performance

Shares of QNTQY opened at $25.93 on Thursday. The company has a 50 day moving average price of $27.40 and a 200-day moving average price of $26.03. QinetiQ Group has a fifty-two week low of $18.50 and a fifty-two week high of $31.77.

QinetiQ Group Company Profile

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.