QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Update

QinetiQ Group plc (OTCMKTS:QNTQY) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,200 shares, a decline of 25.0% from the August 15th total of 1,600 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 1.1 days.

QinetiQ Group Stock Performance

Shares of OTCMKTS QNTQY opened at $23.90 on Friday. QinetiQ Group has a fifty-two week low of $14.80 and a fifty-two week high of $25.70. The stock has a fifty day moving average of $24.47 and a 200-day moving average of $21.19.

QinetiQ Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, July 26th were given a dividend of $0.243 per share. The ex-dividend date of this dividend was Friday, July 26th. This is a boost from QinetiQ Group’s previous dividend of $0.11. QinetiQ Group’s dividend payout ratio is currently -193.65%.

Analyst Ratings Changes

Separately, Barclays upgraded shares of QinetiQ Group to a “strong-buy” rating in a report 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.