Mitie Group PLC. (OTCMKTS:MITFY) Stock Short Interest Drops 94.3%

Mitie Group PLC. (OTCMKTS:MITFY) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 22 shares, a drop of 94.3% from the September 15th total of 386 shares. Based on an average daily trading volume, of 2,231 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut Mitie Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Mitie Group Stock Down 0.9%

MITFY stock traded down $0.10 during midday trading on Friday, hitting $11.57. 327 shares of the company’s stock were exchanged, compared to its average volume of 1,082. The business has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $9.91. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.87. Mitie Group has a 1-year low of $7.12 and a 1-year high of $12.11.

Mitie Group Company Profile

Mitie Group plc is a United Kingdom-based strategic outsourcing and facilities management company. It helps organizations operate and maintain their buildings, infrastructure and estates, providing services that combine technical expertise, property management and day-to-day operational support.

The company’s activities include engineering and maintenance, energy and decarbonization services, security, cleaning, front-of-house support, catering and workplace management. Mitie also provides specialist services for critical infrastructure, including utilities, transport and defense-related facilities, as well as public-sector and commercial properties.

Mitie serves customers primarily across the United Kingdom and has a long history in facilities and technical services.