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

QinetiQ Group plc (OTCMKTS:QNTQY) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,745 shares, a drop of 52.0% from the August 31st total of 3,639 shares. Based on an average daily trading volume, of 1,043 shares, the short-interest ratio is presently 1.7 days.

QinetiQ Group Stock Down 0.5%

Shares of OTCMKTS QNTQY traded down $0.12 during mid-day trading on Tuesday, reaching $25.75. 791 shares of the company’s stock traded hands, compared to its average volume of 4,144. The business has a 50-day simple moving average of $27.58 and a 200 day simple moving average of $25.84. QinetiQ Group has a 1-year low of $21.32 and a 1-year high of $31.35.

QinetiQ Group Company Profile

QinetiQ Group plc is a United Kingdom-based defense and security technology company that provides testing, evaluation, engineering and research services to government and commercial customers. Its work supports the development and operation of military platforms, weapons, sensors, communications systems and other complex technologies.

The company’s capabilities include autonomous systems, robotics, cyber and electromagnetic activities, mission systems, space technologies, survivability, advanced materials and operational training.