Mitie Group plc (OTCMKTS:MITFF) Short Interest Down 36.9% in December

Mitie Group plc (OTCMKTS:MITFF) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 99,860 shares, a drop of 36.9% from the November 30th total of 158,198 shares. Based on an average daily trading volume, of 243 shares, the short-interest ratio is currently 410.9 days. Based on an average daily trading volume, of 243 shares, the short-interest ratio is currently 410.9 days.

Mitie Group Stock Performance

Mitie Group stock opened at $2.21 on Friday. The firm’s fifty day moving average is $2.08 and its 200 day moving average is $2.00. Mitie Group has a 12-month low of $1.26 and a 12-month high of $2.28.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada initiated coverage on shares of Mitie Group in a research report on Thursday, December 4th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Mitie Group

Mitie Group plc is a leading provider of facilities management and professional services in the United Kingdom. The company offers an integrated suite of solutions spanning cleaning, security, catering, engineering maintenance, energy management and waste disposal. Through its focus on lifecycle management and sustainability, Mitie helps organisations optimise operational efficiency, reduce environmental impact and maintain compliance across their property portfolios.

Serving both public and private sector clients, Mitie delivers tailored service offerings to industries such as healthcare, education, transportation, retail and government.