Short Interest in QinetiQ Group plc (OTCMKTS:QNTQY) Declines By 78.9%

QinetiQ Group plc (OTCMKTS:QNTQY) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 400 shares, a drop of 78.9% from the January 31st total of 1,900 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 0.4 days.

QinetiQ Group Price Performance

Shares of QinetiQ Group stock traded up $0.36 during trading on Friday, reaching $20.88. 1,672 shares of the company’s stock were exchanged, compared to its average volume of 4,949. QinetiQ Group has a 1-year low of $17.64 and a 1-year high of $25.70. The firm’s 50-day moving average price is $19.84 and its 200 day moving average price is $22.15.

QinetiQ Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 10th were paid a dividend of $0.1197 per share. The ex-dividend date of this dividend was Friday, January 10th. QinetiQ Group’s payout ratio is -89.08%.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.