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QinetiQ Group plc (OTCMKTS:QNTQF - Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 15,837 shares, a drop of 55.5% from the January 29th total of 35,552 shares. Based on an average trading volume of 620 shares,

British defence and security group QinetiQ said on Tuesday it is aligning its U.S. business to the administration's priorities, after President Donald Trump's recent call for sweeping changes to America's defense industry.

QinetiQ Group PLC (LSE:QQ.) said it is on track to meet its financial goals for the year despite what it described as “near-term spending uncertainty” in its core markets.