QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Down 43.3% in January

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 7,062 shares, a decline of 43.3% from the December 31st total of 12,449 shares. Based on an average daily trading volume, of 17,253 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 17,253 shares, the days-to-cover ratio is presently 0.4 days.

QinetiQ Group Price Performance

Shares of QNTQY stock opened at $27.88 on Friday. The stock’s 50 day simple moving average is $25.00 and its 200 day simple moving average is $25.86. QinetiQ Group has a twelve month low of $17.95 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 research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

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.