QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Up 93.7% in March

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 15,300 shares, a growth of 93.7% from the March 15th total of 7,900 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets downgraded QinetiQ Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 18th.

QinetiQ Group Stock Performance

QNTQY traded down $0.56 during trading on Friday, reaching $20.76. 4,987 shares of the company’s stock were exchanged, compared to its average volume of 6,700. QinetiQ Group has a 1 year low of $17.64 and a 1 year high of $28.35. The company’s fifty day simple moving average is $21.62 and its 200-day simple moving average is $21.61.

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.