Short Interest in Mitie Group plc (OTCMKTS:MITFY) Drops By 15.6%

Mitie Group plc (OTCMKTS:MITFY) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 6,500 shares, a decrease of 15.6% from the March 15th total of 7,700 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is currently 1.3 days.

Mitie Group Stock Performance

MITFY stock traded up $0.19 on Monday, reaching $6.91. The company’s stock had a trading volume of 3,259 shares, compared to its average volume of 8,895. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.89 and a current ratio of 0.90. Mitie Group has a 52 week low of $5.25 and a 52 week high of $7.02. The firm has a fifty day moving average of $6.07 and a two-hundred day moving average of $5.88.

Analysts Set New Price Targets

MITFY has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Mitie Group to a “hold” rating in a report on Wednesday, February 26th. Berenberg Bank raised shares of Mitie Group to a “strong-buy” rating in a research report on Wednesday, January 29th.

About Mitie Group

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.