QinetiQ Group plc (OTCMKTS:QNTQY) Short Interest Down 30.8% in December

QinetiQ Group plc (OTCMKTS:QNTQY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 900 shares, a decline of 30.8% from the November 30th total of 1,300 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is presently 0.6 days.

QinetiQ Group Price Performance

Shares of QNTQY opened at $21.03 on Friday. The company’s 50-day moving average is $22.10 and its 200-day moving average is $23.39. QinetiQ Group has a fifty-two week low of $15.87 and a fifty-two week high of $25.70.

QinetiQ Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 10th will be given a dividend of $0.1197 per share. The ex-dividend date is Friday, January 10th. QinetiQ Group’s dividend payout ratio (DPR) 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.