Qt Group Oyj (OTCMKTS:QTGPF) Sees Significant Decrease in Short Interest

Qt Group Oyj (OTCMKTS:QTGPF) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 700 shares, a drop of 90.9% from the December 15th total of 7,700 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 0.3 days.

Separately, Nordea Equity Research raised shares of Qt Group Oyj from a “hold” rating to a “buy” rating in a research note on Monday, September 20th.

Shares of OTCMKTS:QTGPF remained flat at $$141.00 on Friday. Qt Group Oyj has a 1-year low of $140.75 and a 1-year high of $189.00. The stock has a fifty day moving average price of $148.28 and a two-hundred day moving average price of $151.66.

Qt Group Oyj Company Profile

Qt Group Oyj develops, productizes, and licenses software development tools under commercial and open source licenses Finland, Norway, Germany, the United States, Japan, China, South Korea, France, the United Kingdom, and India. It offers Qt Design Studio, a user interface design tool for applications; Qt Creator, a cross-platform integrated development environment for application development; and Qt Framework that contains C++ library classes and APIs to simplify application development.

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