Short Interest in QinetiQ Group plc (OTCMKTS:QNTQF) Rises By 157.0%

QinetiQ Group plc (OTCMKTS:QNTQF) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 40,695 shares, an increase of 157.0% from the February 12th total of 15,837 shares. Based on an average daily trading volume, of 4,829 shares, the days-to-cover ratio is presently 8.4 days. Based on an average daily trading volume, of 4,829 shares, the days-to-cover ratio is presently 8.4 days.

QinetiQ Group Price Performance

Shares of QNTQF opened at $6.80 on Thursday. The company’s 50-day simple moving average is $6.65 and its 200-day simple moving average is $6.39. QinetiQ Group has a 1 year low of $4.44 and a 1 year high of $7.72.

QinetiQ Group Company Profile

QinetiQ Group plc (OTCMKTS:QNTQF) is a UK-based defence technology company that delivers research, development and advisory services to military, security and civil customers worldwide. Headquartered in Farnborough, England, QinetiQ provides a blend of systems integration, test and evaluation, consultancy and managed services spanning land, sea, air and cyber domains.

The company’s core activities encompass advanced aeronautics and space testing, sensor and communications development, autonomous systems and robotics, as well as cybersecurity and resilience solutions.