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

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 1,300 shares, an increase of 44.4% from the November 15th total of 900 shares. Based on an average daily trading volume, of 3,000 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Barclays raised QinetiQ Group to a “strong-buy” rating in a report on Tuesday, August 27th.

QinetiQ Group Stock Down 1.2 %

Shares of OTCMKTS QNTQY traded down $0.25 during midday trading on Friday, hitting $20.91. The company had a trading volume of 715 shares, compared to its average volume of 3,140. QinetiQ Group has a twelve month low of $15.25 and a twelve month high of $25.70. The business has a 50-day simple moving average of $22.80 and a two-hundred day simple moving average of $23.50.

About QinetiQ Group

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.