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

Mitie Group plc (OTCMKTS:MITFY) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 7,100 shares, a drop of 22.0% from the February 13th total of 9,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MITFY shares. The Goldman Sachs Group raised Mitie Group to a “hold” rating in a research report on Wednesday, February 26th. Berenberg Bank upgraded Mitie Group to a “strong-buy” rating in a research note on Wednesday, January 29th.

Mitie Group Stock Performance

Shares of OTCMKTS:MITFY remained flat at $5.87 during trading on Monday. The stock had a trading volume of 6 shares, compared to its average volume of 5,801. Mitie Group has a 12 month low of $5.08 and a 12 month high of $6.68. The company’s 50 day moving average is $5.86 and its 200-day moving average is $5.91. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.63.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.