QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Update

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,244 shares, a decrease of 43.0% from the April 30th total of 7,444 shares. Based on an average daily volume of 1,223 shares, the days-to-cover ratio is presently 3.5 days.

QinetiQ Group Stock Performance

Shares of OTCMKTS QNTQY traded down $1.09 during mid-day trading on Tuesday, reaching $26.00. 1,315 shares of the company’s stock were exchanged, compared to its average volume of 3,571. QinetiQ Group has a 52-week low of $21.32 and a 52-week high of $31.77. The company’s 50-day moving average is $24.92 and its 200-day moving average is $25.39.

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.