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

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 400 shares, a decline of 78.9% from the January 31st total of 1,900 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 0.4 days.

QinetiQ Group Price Performance

Shares of OTCMKTS QNTQY traded down $0.32 during midday trading on Thursday, reaching $20.52. 1,495 shares of the company’s stock traded hands, compared to its average volume of 5,084. The stock’s 50 day simple moving average is $19.83 and its 200-day simple moving average is $22.16. QinetiQ Group has a one year low of $17.64 and a one year high of $25.70.

QinetiQ Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 10th were issued a $0.1197 dividend. The ex-dividend date was Friday, January 10th. QinetiQ Group’s dividend payout ratio is presently -89.08%.

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.