Mitie Group PLC. (OTCMKTS:MITFY) Short Interest Update

Mitie Group PLC. (OTCMKTS:MITFY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 386 shares, an increase of 138.3% from the August 31st total of 162 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,833 shares, the days-to-cover ratio is presently 0.2 days.

Mitie Group Stock Performance

MITFY remained flat at $10.81 during trading hours on Friday. Mitie Group has a 52 week low of $7.11 and a 52 week high of $12.11. The company has a 50 day moving average price of $11.06 and a two-hundred day moving average price of $9.78. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut shares of Mitie Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One 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 has a consensus rating of “Buy”.

Mitie Group Company Profile

Mitie Group plc is a United Kingdom-based facilities management and professional services company. It provides outsourced services that help organizations operate, maintain and improve their buildings, infrastructure and workplaces.

Its services include engineering and technical maintenance, cleaning, security, landscaping, catering, energy management, and workplace services. Mitie also supports customers with decarbonization, energy efficiency, mechanical and electrical systems, fire and security solutions, and technology-enabled facilities management.

The company serves customers across the public and private sectors, including government departments, healthcare organizations, transportation providers, commercial property owners and other large enterprises.