Short interest in QinetiQ Group plc (OTCMKTS:QNTQY) falls 16.7%

QinetiQ Group plc (OTCMKTS:QNTQY – Get Free Report ) saw a significant decrease in short interest during the month of September. Since September 15th, there was short interest totaling 1,000 shares, a decrease of 16.7% from August 31st’s total of 1,200 shares. Based on an average trading volume of 400 shares, the short interest rate is currently 2.5 days.

Analysts on Wall Street are forecasting an increase

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

Check out our latest review on QNTQY

QinetiQ Group Price Performance

Shares of QNTQY traded down $0.06 during trading hours on Friday, reaching $24.00. 150 shares of the company traded hands, compared to its average volume of 4,244. The company has a fifty day moving average price of $24.39 and a 200 day moving average price of $21.65. QinetiQ Group has a 12-month low of $14.80 and a 12-month high of $25.70.

QinetiQ Group increases dividends

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, July 26th were paid a $0.243 dividend. This is an increase from QinetiQ Group’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, July 26. QinetiQ Group’s dividend payout ratio (DPR) is currently -193.65%.

QinetiQ Group company profile

(Get a free report)

QinetiQ Group plc operates as a science and engineering company primarily in the defence, security and infrastructure markets in the United Kingdom, the United States of America, Australia, Europe and internationally. The company operates through the EMEA Services and Global Products segments. Offers advanced materials and manufacturing products; artificial intelligence, analytics and advanced computing technologies; cyber and electromagnetic technologies; protection systems and human performance; new systems, and weapons and effects; platform and systems design and evaluation products; energy sources and energy storage and distribution products; robotics and autonomy services; secure communication and navigation systems; and data sensing, processing and fusion systems.

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