QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

QinetiQ Group Price Performance

QNTQY stock opened at $23.90 on Monday. The business’s 50 day simple moving average is $24.47 and its 200 day simple moving average is $21.27. QinetiQ Group has a 1-year low of $14.80 and a 1-year high of $25.70.

QinetiQ Group Increases Dividend

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

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.