Short Interest in QinetiQ Group plc (OTCMKTS:QNTQY) Decreases By 80.9%

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

QinetiQ Group Trading Down 2.6%

QNTQY stock traded down $0.69 on Tuesday, reaching $25.93. 1,509 shares of the company’s stock were exchanged, compared to its average volume of 5,091. The stock has a fifty day moving average of $27.49 and a 200-day moving average of $26.03. QinetiQ Group has a twelve month low of $18.50 and a twelve month high of $31.77.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised shares of QinetiQ Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, QinetiQ Group has a consensus rating of “Buy”.

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.