QinetiQ Group plc (OTCMKTS:QNTQY – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,244 shares, a decline of 43.0% from the April 30th total of 7,444 shares. Based on an average daily volume of 1,223 shares, the short-interest ratio is currently 3.5 days.
QinetiQ Group Stock Performance
QNTQY stock opened at $26.00 on Wednesday. The company has a 50 day moving average price of $24.92 and a 200 day moving average price of $25.39. QinetiQ Group has a fifty-two week low of $21.32 and a fifty-two week high of $31.77.
QinetiQ Group Company Profile
QinetiQ Group is a defense technology and services company headquartered in Farnborough, United Kingdom. The company’s core business centers on research, development and innovation across aerospace, defense, security and energy markets. QinetiQ provides end-to-end capabilities including test and evaluation services, systems engineering, consultancy and training, supporting platforms and systems from concept through deployment.
Established in 2001 following the privatization of the UK’s Defence Evaluation and Research Agency (DERA), QinetiQ has expanded its footprint to key locations in the United States, Australia and Europe.
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