QinetiQ Group plc (OTCMKTS:QNTQY) Sees Significant Drop in Short Interest

QinetiQ Group plc (OTCMKTS:QNTQY) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,124 shares, a decline of 35.6% from the September 15th total of 1,745 shares. Based on an average trading volume of 3,650 shares, the days-to-cover ratio is presently 0.3 days.

QinetiQ Group Price Performance

QNTQY stock opened at $25.23 on Friday. QinetiQ Group has a 12 month low of $21.32 and a 12 month high of $31.35. The firm has a 50 day moving average of $26.97 and a two-hundred day moving average of $25.72.

QinetiQ Group Company Profile

QinetiQ Group plc is a United Kingdom-based defense and security technology company that provides testing, evaluation, engineering, and technology solutions to governments, armed forces, and other customers. Its work supports the development and operation of military systems across the air, land, sea, space, and cyber domains.

The company’s products and services include weapons and platform testing, mission systems, electronic warfare, cybersecurity, robotics, autonomous systems, advanced sensing, survivability solutions, and training and simulation services.