Mitie Group PLC. (OTCMKTS:MITFY) Sees Large Decrease in Short Interest

Mitie Group PLC. (OTCMKTS:MITFY) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 162 shares, a drop of 98.4% from the August 15th total of 9,962 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 69,869 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered shares of Mitie Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Mitie Group Price Performance

Mitie Group stock remained flat at $11.13 during mid-day trading on Thursday. The company’s stock had a trading volume of 6 shares, compared to its average volume of 20,142. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average is $10.42 and its two-hundred day moving average is $9.66. Mitie Group has a one year low of $7.11 and a one year high of $12.11.

About Mitie Group

Mitie Group plc (OTCMKTS: MITFY) is a UK‐based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.