QinetiQ Group plc (OTCMKTS:QNTQF) Sees Large Drop in Short Interest

QinetiQ Group plc (OTCMKTS:QNTQF) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 35,552 shares, a decrease of 75.9% from the January 15th total of 147,763 shares. Based on an average daily volume of 322 shares, the short-interest ratio is currently 110.4 days. Based on an average daily volume of 322 shares, the short-interest ratio is currently 110.4 days.

QinetiQ Group Trading Down 14.8%

Shares of QinetiQ Group stock traded down $1.05 on Wednesday, hitting $6.04. 1,544 shares of the company traded hands, compared to its average volume of 749. QinetiQ Group has a 12-month low of $4.44 and a 12-month high of $7.72. The company has a 50-day moving average price of $6.16 and a 200 day moving average price of $6.41.

About QinetiQ Group

QinetiQ Group plc (OTCMKTS:QNTQF) is a UK-based defence technology company that delivers research, development and advisory services to military, security and civil customers worldwide. Headquartered in Farnborough, England, QinetiQ provides a blend of systems integration, test and evaluation, consultancy and managed services spanning land, sea, air and cyber domains.

The company’s core activities encompass advanced aeronautics and space testing, sensor and communications development, autonomous systems and robotics, as well as cybersecurity and resilience solutions.