Short Interest in QinetiQ Group plc (OTCMKTS:QNTQY) Decreases By 16.7%

QinetiQ Group plc (OTCMKTS:QNTQY) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,000 shares, a decrease of 16.7% from the August 31st total of 1,200 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

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

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 business 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 Dividend

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 a boost from QinetiQ Group’s previous dividend of $0.11. The ex-dividend date of this dividend was Friday, July 26th. QinetiQ Group’s dividend payout ratio (DPR) is presently -193.65%.

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.