QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Up 400.0% in October

QinetiQ Group plc (OTCMKTS:QNTQY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 500 shares, a growth of 400.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is presently 0.5 days.

QinetiQ Group Stock Down 1.1 %

QNTQY stock traded down $0.27 during midday trading on Friday, hitting $23.45. 207 shares of the stock traded hands, compared to its average volume of 3,525. The stock’s fifty day simple moving average is $24.29 and its 200-day simple moving average is $22.40. QinetiQ Group has a 1-year low of $15.00 and a 1-year high of $25.70.

Wall Street Analysts Forecast Growth

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

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.